The Westlake village in New South Wales is about to be torn down.
The property at the intersection of Westlake Boulevard and Eastleigh Street in Sydney’s West Coast has been sold by a developer for about $6.5 million, the Sydney Morning Herald reports.
A large, red, concrete house with two bedrooms, two bathrooms and a backyard has been purchased by developer James Wicks for $6 million.
Mr Wicks says the property will serve as a temporary home for several residents.
“This is a property that has been used for many years by the community, and is part of a very large community,” he said.
“It’s been the site of a lot of work by the developer to create a lot more accommodation in the area.”
There’s been quite a bit of development going on on the property in the last couple of years, and we’ve actually had to take it out of the community because of that.
“Westlake Village is an example of what’s being called a “re-development zone”, a zoning designation which means developers must re-zone their properties to make room for new homes, but not to build new buildings.
It allows new buildings and housing to be built at properties previously used as temporary dwellings, or a “community housing” zone.
The developer is asking for $5 million in tax breaks, and Mr Wicks expects to get $4.5-million in subsidies for the development.
The community, which has about 80 people, is still being considered for an expansion of its home, but Mr WICK says he will need to build some more houses.”
The community will be able to go and use the property, as long as they are within the current community,” Mr Wickers said.
The community, which has about 80 people, is still being considered for an expansion of its home, but Mr WICK says he will need to build some more houses.
He is hoping to complete his project by the end of 2018.