COMMERCIAL PERMITTED GROUND FLOOR (INCLUDES MEDICAL)

Nedlands - Development Opportunity with holding income
• 982 sqm (2 Titles)
• Plot Ratio 2.0
• Potential 6 storeys
This land parcel comprises 2 contiguous titles with a RAC-3 zoning that provides mixed use outcomes.
The sought-after Nedlands address and zoning provides for a potential development within the Nedlands Hospital precinct.
Key attributes:
• 982 sqm (2 titles)
• Zoned Centre (R-AC3)
• Mixed Use
• PLOT RATIO 2.0
• 6 levels possible under compliant scheme
• Total leased holding income of $52,000 per annum (month by month lease across both titles)
• Council rates 68 Monash ($2,064.05 21/22), 70 Monash ($3,882.02 21/22)
• Water rates 68 Monash ($1,304.73 21/22), 70 Monash ($1,345.50 21/22)
• Both sites to be sold as one parcel
• Parking Requirements for Commercial Development:
-Commercial / Doctor car bays – 12 bays/block
- Apartments – 1 x 1allocated 1 bay
2 x1 allocated 1.25 bays / unit
3 x 1 allocated _________
4 x 1 allocated ______
1 Visitor bay for every 4 apartments