Subiaco, WA

First mortgage funding in the sum of $816,750 is required to assist with the purchase of a development site in Subiaco, WA.

The security property comprises a vacant parcel of land, with an approved Development Application (DA) for a 6-level, multi-use building, which includes 14 multiple dwellings and one ground-floor commercial tenancy. The site has a total area of 304m2. The property is zoned Centre & R-AC0 under the City of Subiaco Planning Scheme No. 5.

The DA (as determined by the Metro Inner North Joint Development Assessment Panel) for a mixed-use development of six storey, 14 multiple dwellings and one ground floor commercial tenancy was approved, with 26 general conditions and 8 advice notes on 6 July 2021 and is valid for 6 years from this date.

The approved development includes four levels of two-bedroom and one-bathroom apartments. The fifth floor has two, three-bedroom, two-bathroom apartments. The sixth floor features a communal open space with an integrated BBQ and lounge space. The ground floor has a 51m2 commercial tenancy and the entrance lobby to the residential units.

The security property is located in the established inner-city suburb of Subiaco, which is 4km west of the Perth CBD.

Other local landmarks include:​

• Perth Airport 22.5km
• Perth Convention and Exhibition Centre 4.2km
• St John of God Subiaco Hospital 1.4km
• Subiaco Station 800m