290-304 Whatley Crescent,
Maylands, WA 6051

Burgess Rawson are pleased to present to the market for sale via Offers Invited 290 – 304 Whatley Crescent, Maylands. This substantial development site comprises 9 lots sold in one line totalling 5,155sqm of land fronting Whatley Crescent from Ferguson Street to Charles Street.

The site would suit a large variety of possible uses with the City of Bayswater currently commencing a scheme review. It is likely that the sites are rezoned to ‘Residential R80’ enabling developers to construct a multi-level residential complex given the close proximity to both Meltham & Maylands trains stations. Buyers are encouraged to make their own planning enquiries.

Features

• Huge 5,155sqm site
• ‘Corner to Corner block’
• Multitude of possible uses
• Holding income derived from Funeral Home
• Outstanding accessibility to public amenity
• Rare opportunity to acquire such a significant parcel of land
• Minutes to the Perth CBD
• Zoned: General Industry’

Zoning
The properties are zoned ‘General Industry’ in accordance with the City of Bayswater District Town Planning Scheme No 24.

Income
Two of the 9 lots are leased to long-standing tenant ‘Invocare Australia Pty Ltd’ Trading as ‘Christian Funerals’
The Tenant is in their final 5 year option that commenced on the 18th January 2023 and expires on the 17th January 2028.
The current net income is $123,909.48 pa with annual CPI increases.

Sales Process
The properties are offered in one line via an Offers Invited campaign.

For further information please contact the exclusive selling agents Luke Randazzo & Ben Flanagan on 0417 181 3... & 0405 929 1....