41 Mathoura Street, Midland WA 6056

Outstanding opportunity to secure a prime residential development site in the heart of Midland. Capitalise on the enormous growth potential and new infrastructure in the surrounding areas. Boasting a 1920's 3 bedroom brick and iron roofed character home with large bedrooms, high ceilings, feature fire places and large lockable shed and double carport.

A long term tenant currently paying $380 pw is happy to remain whilst any development occurs.

Set on a prime 1053 sqm block, the property offers an excellent opportunity to either live in or lease until you decide on a development option - of which there are several.

Currently zoned Residential R40, with prospect of being rezoned as Residential R80 under the Urban Housing Strategy, the property is conveniently located and ideal for a re-development of up to potentially 10 units. A geotechnical report is available together with costings and plans for the construction of two units whilst retaining the original home.

Multiple options available subject to approvals:
Retain home & build 2 units
Demolish home and build 4 units
Demolish home and potentially build 10 units
Retain home and land bank for future development

Within easy access to Midland Gate Shopping Centre, cafes, restaurants, public transport, cinema, TAFE, various schools, an easy commute of the airport and easy access to the Swan Valley. And of course don?t forget the new Midland Health Campus expected to be completed late 2015. With the railway underpass tunnel for Lloyd Street and numerous new developments coming to this century year old suburb, this is only the beginning for this eastern hub which is around 20km east of Perth.

Perfect opportunity to create your dream project in the heart of rapidly growing Midland.

Don?t delay as these sites don?t last.

FEATURES
? 1920s 3x1 brick character home
? Lockable shed and double carport
? Level 1053 sqm block zoned R40
? Geotechnical report available to new owner
? Close to Midland Gate
? Possible R80 zoning with potential for up to 10 units
?
? Multiple options available subject to approvals
o Retain home & build 2 units
o Demolish home and build 4 units
o Demolish home and potentially build 10 units
o Retain home and land bank