High Street, Armadale residential development site listed
A development site which is permit ready for a luxury residential development has been listed in Armadale with expectations around $6 million.
The property is being sold with a planning permit for a Ewert Leaf designed, four level luxury residential project, comprising 14 residences including eight x three bedroom apartments and six x two bedroom apartments.
Teska Carson, in conjunction with Kay & Burton, is marketing the High Street site a a "blue-chip development" opportunity.
The 872-874 High Street property comprises two single level residential buildings on separate, Residential Growth Zone, titles.
It has a combined 1126 square metres with 21.3 metres frontage and secondary access via a laneway off Denbigh Road.
The properties are currently being utilised as a cosmetic surgery day clinic and are joined together internally with space for at least 14 cars.
Key objectives of the Residential Growth Zone include the provision of housing at increased densities in buildings up to and including four storeys.
The marketing agents are Teska Carson’s Luke Bisset and Michael Ludski with Kay & Burton’s Ross Savas.
The property will be sold by expressions of interest closing July 14.