170 Alexander Road , Rivervale WA 6103

Prime Rivervale Development Site with Holding Income

1,224sqm Corner Site | R20/50/100 Zoning | Offers Invited

Sterling Property is pleased to offer 170 Alexander Road, Rivervale - a rare opportunity to acquire a large, income-generating corner site with approved development potential in one of Perth's most dynamic inner-east growth corridors.

This opportunity is For Sale via an offers invited campaign closing at 3pm on Thursday 5th June 2025, unless sold prior.

Comprising three separate 3x1 homes on one freehold title, the property generates a combined $101,400 per annum (approx) in residential income, providing a secure holding return while exploring future development options.

The generous 1,224sqm landholding is zoned R20/50/100, allowing for high-density residential redevelopment.

A current Development Approval for a Build-To-Rent scheme is in place, though the flexible zoning presents a wide range of possibilities including townhouses, apartments, or subdivision (STCA).

Key Features:

1,224sqm corner site* with dual street frontage
R20/50/100 zoning - strong redevelopment flexibility
Existing Development Approval for Build-To-Rent
Three tidy 3-bedroom homes generating $101,400 p.a. (approx)
Single freehold title, simplified management and ownership
Located just 700m from Belmont Forum
Close to Perth CBD, airport, and major employment hubs
Median House Price: $820,000 | Median Rent: $700pw

Location Highlights:

700m to Belmont Forum
Close to Great Eastern Hwy, Tonkin Hwy & Graham Farmer Fwy
Proximity to Perth Airport, Optus Stadium, and local parks
Strong rental growth and buyer demand in Rivervale
Access to public transport, schools, and green space

For further information on this home or to arrange a private viewing, call ROY LI on 0415007588 or 61164511 for any further info or lodge an offer