Cnr Pretious Street & Hardie Road, Spencer Park WA 6330

This vacant development block in the heart of Spencer Park and just 3km from Albany's CBD offers an opportunity for a commercial or residential development with the potential for excellent returns.

Expressions of interest are sought for the 3927sqm site, which is located between the busy Spencer Park Shopping Centre and Lions seniors' units, and opposite a medical centre. It is part of a densely populated suburb well serviced with schools and housing the major regional hospital.

To preserve the integrity of the site and its surroundings, development is governed by the Spencer Park Precinct Plan, under which the block is classified as Mixed Use Sub-Precinct.

This provides for a multiple residential housing development with the capacity for home-based business, professional offices, consulting rooms or, at the local authority's discretion, aged persons' accommodation.

The site itself is level and mostly cleared with a small stand of native trees. It fronts both Pretious Street and Hardie Road, and a desired outcome under the precinct plan is the construction of an east-to-west street between the two, with provision for on-street parking.

Building and design criteria apply to any construction, which would be permissible up to a maximum of three storeys, and other criteria apply to the built form and landscaping.

This is a potentially lucrative investment suitable for a variety of uses.

For further details of this block and building guidelines, or to express your interest in purchasing, phone Colin Montefiore of Merrifield Real Estate on 0428 936 631.

Expressions of Interest close 11 March 2020.

What you need to know:
- Vacant development block of 3927sqm
- Potentially lucrative investment
- Prime site in well-developed suburb
- Located between busy shopping centre and Lions seniors' units
- Opposite a medical centre, near the hospital
- Classified as Mixed Use Sub-Precinct
- 3km from Albany's CBD
- Level and mostly cleared
- Suit numerous uses including multiple residential housing development, consulting rooms, offices, aged persons' accommodation
- Building and design criteria apply