A 461.56sqm development site at Mount Hawthorn has hit the market, offering developers a shovel-ready opportunity to bypass Perth’s lengthy planning pipeline.
Marketed by Brett Wilkins and Stephen Harrison of RWC WA Capital Markets on behalf of a local private developer, 177 Scarborough Beach Road, comes with approval for a six-storey mixed-use project.
The approval includes 10 luxury apartments, a 40sqm ground floor commercial space, and 13 car bays.
Adding further impetus for developers, the vendor is offering full working drawings and construction documentation for purchase alongside the land.
“This is a plug-and-play development site in one of Perth’s most tightly held urban infill corridors,” said Mr Wilkins.
“The owner has absorbed the time, friction, and capital risk of taking this through the full approval process and producing working drawings.
“A prospective buyer skips two years of planning and goes straight to development.”
Located approximately 5.6km from the Perth CBD, the site targets acute demand from affluent downsizers and local owner-occupiers in Perth’s inner north.
The design features a full floor sub-penthouse and penthouse on the top two levels, each spanning 158sqm with 30sqm private terraces.
The property also benefits from 40 metres of secondary exposure adjoining a public car park (169-173 Scarborough Beach Road), guaranteeing strong foot traffic and parking infrastructure for the ground-floor retail or commercial tenancy.
“We expect strong interest from developers, builder-developers looking to secure their own pipeline, and private family offices seeking a boutique, hold-and-lease asset,” added Stephen Harrison of RWC WA.
The property is offered for sale via an expressions of interest campaign.
Contact exclusive selling agents.
Brett Wilkins
RWC (WA)
0478 611 168
brett.wilkins@raywhite.com
Stephen Harrison
RWC WA
M: 0421 622 777
E: stephen.harrison@raywhite.com
Vacancy across Perth’s premier retail strips has fallen to 3.26 per cent, a decade low, according to RWC WA’s 10th annual Perth retail strips report. Cottesloe and Leederville recorded no empty shops and Fremantle’s South Terrace posting the sharpest improvement. The report, written by director of capital markets Brett Wilkins and capital transactions analyst Struan … […]
A three-storey commercial centre at 573 Canning Highway, Alfred Cove, has sold for $4 million, to a local medical professional. Brokered by RWC WA agents Michael Milne and Lachlan Burrows, the deal shows growing demand from local buyers seeking operational upside over passive yield investors. The 967sqm freehold building has 14 commercial tenancies and a … […]