Osborne Park - significant development opportunity

MMJ Real Estate is pleased to present to the market a significant development opportunity at 88 Roberts Street and 65 Edward Street, Osborne Park, WA.
The property is strategically located at the corner of Edward and Roberts Streets just 6km north of the Perth CBD, within proximity to Scarborough Beach.

The properties are currently zoned 'Development' under the City of Stirling Town Planning Scheme No. 3 and 'Urban' under the MRS.

The properties are situated within the area covered by:
1. The proposed Herdsman Glendalough Structure Plan. Under the proposed Structure Plan the properties are proposed to be rezoned as 'Business'. The proposed Structure Plan requires WAPC approval; and 2. The Herdsman Glendalough Local Development Plan. The LDP was adopted by the City of Stirling Council on 23 June 2020.

The City of Stirling resolved on 23 June 2020 to prepared Local Planning Scheme No. 3 Amendment No. 114. The proposed Structure Plan (if approved) and the LDP will not become operational unless and until Amendment No. 114 is approved by the Minister and published in the Gazette.

Opportunities of this size, in this location, with dual street frontages seldom come to market.

Key Highlights Include:

• Corner location with significant street frontage
• Zoned 'Development' under TPS No. 3
• Forms part of Herdsman Glendalough Structure Plan
• Zoned 'Urban' under the MRS
• Suits investor / land bank and a great opportunity to purchase at the bottom of the market

65 Edwards St Land Area - 4,168sqm
88 Roberts Street Land Area - 3,862sqm
Combined Basis - 8,030sqm

For more information or to arrange an inspection please contact Chris Geers on 0410 493 057 or chris.geers@mmj.com.au