Two prime development opportunities have hit the market under instructions from receivers, with RWC WA exclusively appointed to manage the expressions of interest campaigns for both properties.
Located in Midland and North Fremantle respectively, the offerings present significant value-add potential for developers and investors seeking quality sites in high-growth areas.
The first asset, located at 29 Victoria Street, Midland, comprises a partially completed four-level Specialist Disability Accommodation (SDA) facility featuring 12 apartments on a prominent 896sqm site. Directly opposite Midland Gate Shopping Centre and surrounded by medical and public amenities, the site is strategically positioned in the heart of one of Perth’s key metropolitan centres.
“This is an exceptional opportunity for a developer or builder to complete the SDA project or explore alternative uses, subject to council approval,” said Brett Wilkins, director at Ray White Commercial WA. “Its central location and the existing improvements make it a standout in the eastern suburbs.”
Construction was suspended in May 2023 after the first two floors were completed, and the property is currently vacant with no lease in place, allowing flexibility for an incoming purchaser.
“We’re seeing strong demand for well-located sites with existing improvements. This one ticks all the boxes for a value-add play,” fellow director Stephen Harrison said.
Meanwhile, the second opportunity is a premium coastal development site at 16 Kwong Alley, North Fremantle. The 408sqm cleared lot, previously two amalgamated titles, offers a rare blank canvas for boutique development just off the high-traffic Stirling Highway.
“This is a blue-chip location with the potential for stunning harbour and ocean views through multi-level development,” said Mr Harrison.
“North Fremantle is one of Perth’s most tightly held and affluent coastal suburbs, making this a high-impact opportunity in a supply-constrained market.”
The site is zoned for development and vacant, offering immediate project readiness subject to council approvals. According to REIWA, North Fremantle continues to attract strong buyer interest, with the suburb's median house price at $1,655,000 and units at $965,000.
“With its premium location and high-end buyer demand, this site is perfect for developers looking to create something truly special,” Mr Wilkins said.
“The property's frontage to Stirling Highway also enhances its visibility and access, increasing its long-term value.”
Both properties are being offered via expressions of interest campaign, providing an exceptional opportunity to secure strategic development holdings in two of Perth’s most desirable markets.
