Expressions of Interest - Buyers Above $2,850,000+

The Sky's The Limit!

Unbelievable Value!!! (but true)

Burgess Rawson & Rossen Real Estate are pleased to present to the market for sale 112 Stirling Highway, Nedlands.

This premium 1,045sqm development site is located just East of the Peace Memorial Rose Gardens and walking distance to amenities.

Zoned R-AC1 the property has a Plot Ratio of 3:1 and a potential height limit of 9 storeys.

The block is a huge 1,045sqm with the potential plus for future redevelopment.

Zoned R-AC1 under the City of Nedlands Local Planning Scheme 3, that came into being in 2019.

Each apartment comprises; large lounge and dining room, modern kitchen/laundry, good bathroom with WC, two large spacious bedrooms and parking for 2 cars.

The two ground floor units have private front decks and the first floor apartments have generous balconies.

Built circa 1939, with outstanding art deco features, including jarrah floors, high ceilings and fireplaces.

Please note: The four apartments must be sold together.

The tenants are all on periodic leases and vacant possession is available at settlement.

Ideally positioned with in walking distance to shops, transport, Windsor Theatre and Rose Garden Park Lands.

Close proximity to UWA, excellent government and private schools with the CBD only 2 traffic lights away!

HOLDING INCOME: If the units were to be rented for $500 per week per unit, the gross income would be over $100,000 per annum. Please note, this should not be taken as advice regarding actual rent the buyer may receive. It is a hypothetical postulation and the buyer will need to make their own inquires as to the likely weekly rental for each unit.

PLEASE NOTE: Parties interested in submitting an expression of interest must make an appointment with Greg Rossen to draft an Offer & Acceptance on a standard REIWA form, stating price, terms and conditions.

Disclaimer:
The particulars of this listing has been prepared for advertising and marketing purposes only. We have made every effort to ensure the information is reliable and accurate, however, clients must carry out their own independent due diligence to ensure the information provided is correct and meets their expectations.

Unit Shire Rates 2021/2022 Water Rates 2021/2022
1 $1,996.98 per annum $949.85 per annum
2 $1,996.98 per annum $949.05 per annum
3 $2,051.78 per annum $1,089.01 per annum
4 $2,030.71 per annum $1,056.66 per annum

Strata Levies:

Unit
1 $3,250
2 $3,250
3 $3,250
4 $3,250

For further information please contact exclusive sales agents Rob Selid 0412 198 294 or Greg Rossen 0418 924 949.

The information contained in the report/information memorandum has been prepared in good faith and due care by the Vendor, Burgess Rawson and Rossen Real Estate. Any projections contained in the report therefore, represent best estimates only and may be based on assumptions.
The information contained herein is supplied without any representation as to its truth or accuracy. All interested parties should make their own enquiries to satisfy themselves in all aspects and obtain their own independent advice in order to verify any of the information. All stated dimensions and areas are approximate.
The vendor does not represent or warrant the accuracy of any information contained in this document. Subject to any statutory limitation on its ability to do so, the vendor disclaims all liability under any cause of action, including negligence, for any loss arising from reliance on this document.
Specifically, we make the following disclosures:
+ All areas, measurements, boundaries, car space numbers, rents are approximate only and subject to final confirmation;
The information contained in this document is provided as a guide and an aid to further investigation by potential purchasers.
Prospective purchasers should seek legal, financial and other appropriate expert advice in order the verify the accuracy of the information presented in this document.

GST Disclaimer
Burgess Rawson and Rossen Real Estate advise that the financial information in this report relating
to income, outgoings and the like is provided without reference to the possible impact of GST, if any. Purchasers should make their own assessment of the impact of GST on the investments and the returns derived there from after obtaining expert professional advice.