Unlock the potential: Substantial development site with holding income

RWC WA proudly presents a golden opportunity to secure a rare development site, offering a multitude of potential development options, just 6km* from Perth CBD.

This exceptional property comprises two adjoining lots boasting a total land area of 9,454sqm. With a combined frontage of 94.93sqm* to Swansea Street East and 83.99sqm* to Milford Street and a rectangular shape featuring a sloping topography from west to east, this prime site offers an array of development opportunities.

Additionally, the property benefits from an attractive holding income from multiple tenants on short term leases.

Property features include:
• Area 9,454sqm
• Holding Income $343,911*
• Dual street frontages
• 500m* from the METRONET Oats Street Train Station
• Current re-zoning underway to expand development options
• Potential uses include - medical, residential, retail and childcare

Expressions of Interest closing Fri 28 June 2024 at 4pm (AWST)

For further information or to arrange an inspection please contact:

Brett Wilkins
RWC WA
M: 0478 611 168
E: brett.wilkins@raywhite.com

Stephen Harrison
RWC WA
M: 0421 622 777
E: stephen.harrison@raywhite.com

Michael Milne
RWC WA
M: 0403 466 603
E: michael.milne@raywhite.com

*Approximate

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