BAYSWATER CORE PRECINCT - HIGH DENSITY INFILL SITE - MIXED USE POTENTIAL
ON OFFER: 6 & 8 DRAKE STREET, BAYSWATER
Presenting a unique opportunity to secure two adjoining properties 6 & 8 Drake Street, Bayswater - offered together creating an incredibly exciting investment or development opportunity. Whether you are an investor seeking a prime landbank with rental income, or a developer seeking a highly desirable infill location with flexible development potential, this offering demands serious consideration.
• Two green title properties combined creating a 1442 sqm with over 30 m frontage site
• Project Area Design Guidelines allows for up to 6 storeys or 20 metre development, mixed use potential (Development WA)
• Two good condition homes currently both in a fixed tenancy arrangement (expiring 10 Jan 2026)
• Zoning to facilitate higher density development - Bayswater Core Precinct
• Directly opposite the expansive Halliday Park, providing park views to any future development
• Perfectly rectangular and flat site ideal for keeping development costs down
• A Right of Way laneway to the rear of both properties providing additional access now and greater design options for any future development
PREMIUM LOCATION
• 7km from Perth CBD and less than 500 m to the upgraded Bayswater Train Station
• Walking distance to the Bayswater Hotel and Bayswater Town Centre, including restaurants, café strip and shops
• A multitude of amenities including parks, schools, recreational and medical all conveniently close
• Easy access to main arterial roads through to Perth CBD, Airport, Optus Stadium, Crown Casino all within 8 km
ZONING / DEVELOPMENT POTENTIAL
• 6 & 8 Drake Street are located in Bayswater Core Precinct (Hamilton/Drake Sub-Precinct) within the Bayswater Town Centre Structure Plan and within the Metronet East Redevelopment Scheme Area
• Future development approvals will be approved through consultation with 'Development WA' to facilitate innovative and high-density design
• Project Area Design Guidelines allows for up to 6 storeys or 20 metre development.
• Proposed development enquiries can be investigated further directly with Development WA at planning@developmentwa.com.au or Ph: 6200 4000
TWO HOMES
6 Drake Street -This property features three generously sized bedrooms and two bathrooms, offering comfortable family living. The layout includes multiple living zones with a separate dining area, a spacious family room, and a study. Single lock-up garage completes the package.
8 Drake Street - With three large bedrooms and a renovated kitchen and bathroom, this home has had some modern touches making it a comfortable home for its residents. The updated kitchen opens to expansive living and dining rooms. A separate games room provides additional living area. Vehicle side access leads to the rear of the property, where a double lock-up garage offers secure parking and additional storage.
Call Marco Marra today on 0400 227 136 to register your interest.
