THE LOCATION IS THE OPPORTUNITY!
Opportunities like this don't come along every day! Positioned in the heart of Midland, this generous 650sqm landholding presents an exciting opportunity for developers, investors, builders and buyers with vision.
Welcome to 2 Padbury Terrace, a property where the real value lies in the land, its central location and the future possibilities identified under the DevelopmentWA planning framework.
Situated within the Midland Redevelopment Area - Victoria Precinct, the property falls under the METRONET East Redevelopment Scheme, with planning provisions that may support residential, multiple-dwelling and mixed-use development, subject to relevant approvals.
Whether you're looking to explore a redevelopment project, create something entirely new or take on an ambitious restoration, this could be the opportunity you've been waiting for.
EXCITING DEVELOPMENT POSSIBILITIES
According to written advice received from Development WA, the property is identified within Sub-Precinct 6: Cale Street East, Site E, with design guidelines identifying a maximum building height of 9 to 12 storeys (39 metres), subject to applicable planning controls and approvals.
The planning framework identifies various preferred uses, including:
• Residential and multiple-dwelling development
• Mixed-use development
• Offices and consulting rooms
• Business and professional services
• Medical centres and healthcare-related premises
• Childcare and club premises
All development and demolition possibilities remain subject to relevant planning requirements and approvals. Prospective purchasers are encouraged to make their own enquiries with DevelopmentWA and the City of Swan.
THE EXISTING PROPERTY - A BLANK CANVAS FOR YOUR VISION
Let's be upfront - the existing residence has certainly seen better days!
The property currently accommodates an older two-bedroom home featuring traditional character elements, including timber flooring, decorative ceilings, a fireplace and original-style living spaces.
However, the residence is in a significantly aged and deteriorated condition, requiring extensive repairs and renovation.
For many purchasers, demolition and starting afresh may be the most practical option. However, someone with the right imagination, expertise and determination may see an opportunity to restore the existing home and bring its character back to life.
Either way, this is a property where buyers should look beyond what stands here today and consider what the future could hold.
PROPERTY HIGHLIGHTS
• Generous 650sqm landholding
• Approximately 15.55m front and rear boundaries
• Approximately 41.78m left and right side boundaries
• Midland Redevelopment Area - Victoria Precinct
• Cale Street East, Sub-Precinct 6, Site E
• Design guidelines identify a maximum building height of 9-12 storeys (39m), subject to applicable controls and approvals
• Potential for residential, multiple-dwelling and mixed-use development
• Various preferred residential and commercial uses
• No heritage listing identified by DevelopmentWA
• Existing dwelling may be suitable for demolition, subject to permit requirements
• Opportunity for developers, investors, builders and renovators
• Convenient access to shopping, transport, healthcare and commercial facilities
LOCATION - RIGHT IN THE HEART OF IT ALL!
One of the property's greatest attractions is its convenient position within Midland, one of Perth's established metropolitan centres.
With major infrastructure, shopping facilities, transport connections and essential services nearby, the location offers convenience for future residents, businesses and investors alike.
Nearby amenities include:
• Midland Train Station and public transport
• Midland Gate Shopping Centre
• St John of God Midland Public and Private Hospitals
• Midland's medical and professional services precinct
• Bunnings Midland and major retailers
• Local cafes, restaurants and shopping facilities
• Schools and educational facilities
• Major road connections throughout Perth
• Perth Airport and the Swan Valley region
With Midland continuing to evolve, the property offers an opportunity to explore a future project within an established urban centre.
AN OPPORTUNITY TO THINK BIG!
This is not your typical residential property, and that's precisely what makes it interesting.
For those who recognise the value of location, land and planning possibilities, 2 Padbury Terrace presents an opportunity worth investigating.
Whether your vision involves residential development, commercial premises, a mixed-use project or something entirely different, this is your chance to explore what may be possible.
The next chapter is yours to create!
Contact Jas & Co. Property Group today for further information or to arrange an inspection.
IMPORTANT INFORMATION
The property is offered in its existing condition and requires extensive repairs, maintenance and/or redevelopment. All references to development potential, preferred uses, building heights and demolition are based on written planning advice from DevelopmentWA and remain subject to the METRONET East Redevelopment Scheme, applicable Design Guidelines, Development Policies and statutory approvals.
The stated building height provisions do not guarantee approval or that any particular development height or yield can be achieved on this site.
Prospective purchasers should undertake their own independent investigations and seek professional advice from DevelopmentWA, the City of Swan and suitably qualified consultants before purchasing.
