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 ProcessThe 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 181 309 & 0405 929 167.