19-23 McKay Street & Manning Road, Waterford

Waterford

19-23 McKay Street & Manning Road

Outstanding Infill Development Opportunity!

FOR SALE BY EXPRESSIONS OF INTEREST

The Opportunity:
The "Waterford Triangle" super-lot represents an outstanding opportunity for investors, developers and builders to secure a strategic 4,624 m² infill redevelopment site within 500 metres of Western Australia's largest university - Curtin University, Canning River waterways, 4 Kms to Westfield Carousel Shopping Centre and less than 10 Kms south-east of Perth CBD.

An additional 825 m² may be included, subject to negotiation.

Current Zoning:
The subject land is zoned Residential (R20) under the City of South Perth Town Planning Scheme No. 5 (TPS5).

Proposed Zoning:
The subject land forms part of the "Waterford Triangle Urban Design Study" (WTUDS) – prepared for the City of South Perth by third party consultants. The WTUDS recommended that the land is rezoned from Residential (R20) to Residential (R60). The City of South Perth subsequently initiated an amendment to TPS5 to formally rezone the land in accordance with the recommendations of the WTUDS – being Amendment No. 59 (Am59).

There are several key planning considerations proposed by Am59 which are relevant to its future development, being:
• Heights will be limited to 10.5 metres (3 storey);
• No access is permitted directly to Manning Road;
• No grouped dwellings are permitted.
• Development will be limited to single residential housing and multiple dwellings.

The amendment (Am59) has been finally adopted by the City of South Perth and is awaiting final approval by the WA Planning Commission and Hon. Minister for Planning. Full details of the Am59 and WTUDS are found at:
https://southperth.wa.gov.au/development/planning-projects/waterford-triangle

Development Capacity:
The capacity of the land to support development will be generally as follows:
Multiple dwellings @ 0.6 plot ratio =2774m² and
Single Residential @ 150 m² = 30 lots
Permitted | | Discretionary Uses:
Under the current and proposed zoning, the following uses are capable of approval:
• Single Residential – P
• Multiple Dwelling – P
• Child Care Centre – DC
• Consulting Rooms – DC
• Student Accommodation – DC
• Aged | Dependent Housing- DC
• Residential Care - DC

The land area, zoning, density and location provide the opportunity for "missing middle" product (townhouses), apartment, aged care, retirement, childcare and/or student accommodation.

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Meet The Agents

Kevin Broughton

Development | Projects Manager

0417 916 221