8 Drake Street

Bayswater WA 6053

Presenting a unique opportunity to secure two adjoining properties 6 & 8 Drake Street, Bayswater - offered separately or together to create an incredibly exciting investment or development opportunity. Whether you are an astute investor seeking a prime landbank with rental income, or a developer searching for a site that ticks all the boxes, this offering demands serious consideration. Two green title properties combined creating a 1442 sqm with over 30 m frontage site. Zoning to facilitate higher density development - Bayswater Core Precinct. Two good condition homes currently both in a fixed tenancy arrangement (expiring 10 Jan 2026). 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 7 km 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, caf 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 Project Area Design Guidelines allows for up to 6 storeys or 20 metre residential apartment development. 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. Proposed development enquiries can be investigated further directly with Development WA at planning@developmentwa.com.au or Ph: 6200 4000.TWO HOMES6 Drake Street -This property features three generously sized bedrooms & two bathrooms, offering comfortable family living. The layout includes multiple living zones with a separate dining area, a spacious family room, and a study. The kitchen provides ample cupboard space, while a 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 is fitted with a gas cooktop and dishwasher, and flows into the 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.Whether you're looking for your next project site, or an investment property with all the ingredients for significant capital growth potential - this property delivers now and into the future. Call Marco Marra today on 0400 227 136 to register your interest.