This remarkable opportunity awaits in the coveted suburb of Rivervale, where this expansive 2,024sqm residential site presents an exciting canvas for developers and investors looking to create a stunning modern community in one of Western Australia's most desirable locations.
With a zoning designation of Residential R20/R40, this prime parcel of land is perfectly suited for multi-unit development, allowing for an array of possibilities for those interested in the rewards it will reap. Whether it's townhouse or villas on your mind, or even a combination of both, this exciting development opportunity offers ample room for landscaping, greenery and common facilities, ensuring a harmonious living environment for all involved.
Conveniently situated with easy access to both the Perth CBD and Perth Airport, this fabulous location offers an enviable connectivity. Additionally, the surrounding area is well-placed with community amenities, including schools, local parks, shopping centres and public-transport options. Complementing these locational attributes the properties are well-located to the café, dining and entertainment hotspots of Belmont, Victoria Park, East Victoria Park and South Perth.
This outstanding opportunity provides a unique chance to secure a foothold in one of the area’s best positions. Strong market conditions underpin the chance capitalise today on this opportunity, and this is further enhanced with the two dwellings ability to offer holding income as plans and approvals are worked up.
This is a sale of a deceased estate and will be sold. Don't miss out on this moment to shape the future of Rivervale and reap the rewards of a visionary investment!
Features include:
• Enormous 2,023sqm residential development site.
• A frontage to Roberts Road of 25m.
• R20/R40 zoning – 9 dwelling potential, subject to meeting design criteria.
• Existing dwelling that can provide holding income.
• Prime parcel of land – suited for multi-unit development.
• Excellently located between both the Perth CBD and Perth Airport.
• Immediate access to significant transport linkages; Orrong Road/Graham Farmer Freeway, Great Eastern Highway to the North and Leach & Roe Highways to the South.
• Easy access to the Swan River, schools, shopping, transport and more.
This land listing located in Rivervale has been listed for sale by Michael Knowles at Vivid Property Perth.
If you would like to get in touch with Michael Knowles regarding this listing, please call 0438 848 869 or contact the agent via email.
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Track propertyRivervale is a predominantly residential area spanning three square kilometres. Established in the 1840s, significant residential development did not occur until the 1950s and 1960s.
Rivervale's family-friendly lifestyle is an appealing feature of the inner-city suburb. There are numerous parks and ovals, such as Wilson Park, which features a number of netball courts open for public use, as well as a playground and community centre.
The Kooyong Road Shopping Strip features a large IGA, chemist, butcher, post office, take away food outlets, with the Belmont Forum the closest shopping centre. There are two local schools in Rivervale including St Augustine's Primary School and Rivervale Primary School. Many homes in the suburbs are also catered for by the nearby suburbs schools such as Carlisle and Lathlain.