1B Thomas Street, Nedlands WA 6009

With a 25 metre frontage this approx.1012sqm sqm block is in one of Nedlands best streets.

Located approx. 5km from the Perth CBD and within close proximity to three of Perth's major hospitals being the Perth Children's Hospital, Sir Charles Gardner Hospital and Hollywood Private Hospital, as well as the University of Western Australia.

It is walking distance to the proposed Nedlands Square -The Development Application for Nedlands Square includes designs for a new market-style Supermarket along with specialty shops, restaurants, community, commercial and entertainment uses, destined to be a vibrant town centre.

Just a hop skip and a jump to The Nedlands library, Drabble House and Tresillian Community Centre.

The home itself is a traditional Nedlands family home with high ceilings and jarrah floors plus a billiard room and many stunning original features throughout.

The property is zoned under the City of Nedlands Local Planning Scheme with a Residential density code of 'R-AC1' mixed use.

The opportunities are many, following are some ideas:

1. Renovate this gorgeous traditional home to show its authentic features to full potential and create a beautiful big back garden on the block.

2. Do a 'Retain and Build'- retain the current home and renovate it and subdivide off the back of the block to build another home.

3. Demolish the home and build 4 town homes like they have done over the road (currently asking in the early $2M each). There are many examples of this idea in Nedlands where they have one shared driveway and have the 4 homes off the shared driveway making them all survey strata homes (no need for a strata body or strata fees if there are 4 or less homes).

4. Build an exclusive apartment complex of for example just 4 or 5 levels - one luxury apartment per level (one for each member of the family perhaps?).

5. Demolish and subdivide the land into 2 green title blocks build 2 x brand new full homes both on approx. 506sqm of land (live in one and sell the other, or perhaps move your aging parents into the other).

6. Demolish subdivide into 2 green title blocks both with approx 12.5m frontage onto Thomas St, sell one block and build your dream home on the other.

7. Demolish the home and do a high-rise mixed use complex with commercial on the ground floor i.e. cafe and offices and residential apartments above (currently there are no height restrictions although the City of Nedlands recommends 9 stories high (if you chose 9 stories you could build approx. 27 apartments with a mixture of 1, 2 and 3 bedroom apartments.

8. Demolish the home and build just a residential complex (i.e. no cafe or offices) just residential apartments recommended height up to 9 stories but you could do less to fit with your budget.

*All of the above would require the appropriate approvals however they are ideas of what is currently being done in Nedlands on other development blocks.

Although R-AC1 is the highest density code, you do not have to develop it to its full capacity. You could do what suits your budget!

Call Danielle on 0412176047 for more information.