883 - 885 Canning Highway, Applecross WA 6153
Price on Application
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20 Bedrooms
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10 Bathrooms
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Landsize 4,097m2
House
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Canning Bridge Land Investment with Holding Income & Development Potential
Salt Property Group is excited to present this world class landholding of 5 titles which are being sold together to create an amalgamation of 4,097sqm.
Furthermore, we have obtained a WAPC subdivision approval for three potential development sites ranging between 1,230sqm and 1,635sqm.
Your next development awaits at 883-885 Canning Hwy, Applecross. Fully developed, the land can accomodate a standalone 10 plus storey mixed-use building (concession available for 15 Storeys STCA) with sensational views from multiple levels.
The features of this site include:
- Located within the Ogilvie Quarter of the Canning Bridge Structure Plan
- Stunning views from multiple levels
- Zoned for 10+ Storeys (concessions available for 15 Storeys STCA)
- Amalgamation totalling 4,097sqm of land
- A total of 9 dwellings across 5 titles - all well presented and easily rentable
- Vehicle access from Wren Street instead of Canning Hwy, providing development benefits
- Short walk to Woolworths & variety of amenities
- Road, rail and future water transport to and from Perth and Fremantle
- 350 meters to the rivers edge
This offering presents an outstanding landbank opportunity with properties that are suitable for redevelopment either individually or a larger amalgamation to create a iconic building which would rival any tower in Canning Bridge! Salt Property Group are proud to present these properties for sale and look forward to showcasing the exciting potential of this opportunity. An analysis on the holding income/cost of this site has been prepared and available upon request.
For a copy of the Information Memorandum along with the WAPC subdivision approval and professional concept plans demonstrating the development potential, please contact the Salt Property Group sales team.
Property snapshot by reiwa.com
This property at 883 - 885 Canning Highway, Applecross is a twenty bedroom, ten bathroom house listed for sale by Glen O'Brien and Dane McKnight at Salt Property Group.
For more information about Applecross, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Applecross profile page.
If you would like to get in touch with Glen O'Brien or Dane McKnight regarding 883 - 885 Canning Highway, Applecross, please call Glen on 0418 923 123 or call Dane on 0435 377 647, or contact the agent via email.
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Applecross overview
Applecross is an affluent riverside suburb of Perth bound by the Canning Highway and Swan River. Part of the City of Melville's municipality, Applecross is a predominantly residential area with commercial activity along Canning Highway.
Life in Applecross
Home to numerous parks and reserves, Applecross is in the enviable position of being close to urban environments while still retaining its suburban charm. Some major features are the South of Perth Yacht Club, the Raffles Hotel, Restaurant and Lounge Bar and the Canning Highway commercial area, which provides residents with numerous restaurants and amenities to explore and enjoy. Also of note are Waylen Bay, Canning Bridge, the Challenger Institute of Technology and the Heathcote Cultural Precinct.
Applecross quick stats
High end
$3.2m
Median
$2.5m
Low end
$1.8m
27.7 %
Annual growth
$2.5m
Annual median sales price
$1,125pw
Annual median rental price
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