Opportunities of this scale and calibre are becoming increasingly rare – particularly in such a tightly held and strategically positioned location.
Set on a substantial 1,012sqm landholding, the property currently comprises a good size single-storey 2 bedroom, 1-bathroom residence, but it is the land and future potential that will undoubtedly attract the attention of developers, investors and those with a vision for something more.
The property sits within the Canning Bridge Precinct, an area earmarked for significant growth and transformation. With potential for multi-dwelling development of up to 6–8 storeys, R-ACO, (STCA), this is a site that offers genuine long-term upside and the flexibility to pursue a number of different strategies.
Whether the intention is to unlock the development potential immediately, undertake a substantial renovation, retain the existing residence or simply secure a sizeable parcel of land in a rapidly evolving precinct, the opportunities here are considerable.
Location is another major drawcard. The CBD is easily accessible by car, bus and train, while Wesley College, Penrhos College and Curtin University are all within convenient reach.
For everyday living, an abundance of shopping, dining and lifestyle destinations are close by, including Preston Street Como, Manning Hub, Waterford Plaza, Mends and Angelo Streets in South Perth and Ardross Street in Applecross.
Big land. Strategic location. Significant future potential.
This is a property that offers far more than what stands on the site today – it provides the opportunity to secure a substantial landholding in one of Perth’s evolving inner-south precincts and determine its future.
City of South Perth – $2,667 p/a
Water Corporation – $1,261 p/a
