Exclusive selling agents Realmark Commercial are pleased to present to market 36-38 Riversdale Road, Rivervale for sale via Expressions of Interest campaign closing 5pm, 28th May 2024.
The property offers developers the opportunity to acquire 3,096sqm* of river fronted land, currently zoned “Special Development Precinct” under the City of Belmont LPS 15.
The subject properties abut Finbars 19-storey “The Point” development and Doric Group’s 12-storey “Park on Swan” development. Surrounded by thriving developments such as Aloft Perth, Arbor North, and Vantage Apartments the site is situated within a vibrant area rife with development.
Benefiting from a 12-storey height limit and sold with DA submitted for a residential development consisting of 125 units. The site is unique in its location, zoning and holding income with two residential properties currently occupying the site producing $80,600pa collectively.
What we love:
+ Unobstructed absolute river front views
+ Generous site area: 3,096sqm*
+ Two (2) separate lots
+ Strong holding income: $80,600pa
+ 800m from Burswood train station
+ Proposed DA for a 125 unit development
Development Application
A copy of the DA lodgment documents can be supplied upon request.
SALE PROCESS
The property is being sold via 8 week "Expressions of Interest" campaign closing 5pm, 28th May 2024.
For further information, please contact the exclusive listing agent below;
Brent Griffiths | 0402 609 126 | [email protected]
Tom Jacob | 0483 038 690 | [email protected]
*Approx.
This commercial property at 36-38 Riversdale Road, Rivervale is listed for sale by Brent Griffiths and Tom Jacob at Realmark Commercial.
It has been described by the agent as ‘Don't let the sun set on this opportunity.’.
If you would like to get in touch with Brent Griffiths or Tom Jacob regarding 36-38 Riversdale Road, Rivervale, please call Brent on 0402 609 126 or call Tom on 0483 038 690, or contact the agent via email.