Presenting a unique opportunity to secure two adjoining properties 6 & 8 Drake Street, Bayswater - offered separately or together to create an incredibly exciting investment or development opportunity. Whether you are an astute investor seeking a prime landbank with rental income, or a developer searching for a site that ticks all the boxes, this offering demands serious consideration.
• Two green title properties combined creating a 1442 sqm with over 30 m frontage site.
• Zoning to facilitate higher density development - Bayswater Core Precinct.
• Two good condition homes currently both in a fixed tenancy arrangement (expiring 10 Jan 2026).
• Directly opposite the expansive Halliday Park, providing park views to any future development.
• Perfectly rectangular and flat site ideal for keeping development costs down.
• A Right of Way laneway to the rear of both properties providing additional access now and greater design options for any future development.
PREMIUM LOCATION
• 7 km from Perth CBD and less than 500 m to the upgraded Bayswater Train Station.
• Walking distance to the Bayswater Hotel and Bayswater Town Centre, including restaurants, café strip and shops.
• A multitude of amenities including parks, schools, recreational and medical all conveniently close.
• Easy access to main arterial roads through to Perth CBD, Airport, Optus Stadium, Crown Casino all within 8 km.
ZONING / DEVELOPMENT POTENTIAL
• Project Area Design Guidelines allows for up to 6 storeys or 20 metre residential apartment development.
• 6 & 8 Drake Street are located in Bayswater Core Precinct (Hamilton/Drake Sub-Precinct) within the Bayswater Town Centre Structure Plan and within the Metronet East Redevelopment Scheme Area.
• Future development approvals will be approved through consultation with 'Development WA' to facilitate innovative and high-density design.
• Proposed development enquiries can be investigated further directly with Development WA at planning@developmentwa.com.au or Ph: 6200 4000.
TWO HOMES
6 Drake Street -This property features three generously sized bedrooms & two bathrooms, offering comfortable family living. The layout includes multiple living zones with a separate dining area, a spacious family room, and a study. The kitchen provides ample cupboard space, while a single lock-up garage completes the package.
8 Drake Street - With three large bedrooms and a renovated kitchen and bathroom, this home has had some modern touches making it a comfortable home for its residents. The updated kitchen is fitted with a gas cooktop and dishwasher, and flows into the expansive living and dining rooms. A separate games room provides additional living area. Vehicle side access leads to the rear of the property, where a double lock-up garage offers secure parking and additional storage.
Whether you're looking for your next project site, or an investment property with all the ingredients for significant capital growth potential - this property delivers now and into the future. Call Marco Marra today on 0400 227 136 to register your interest.
