Located in the desirable Canning Bridge development precinct, this strategic land holding offers astute investors a residential holding income combined with potential mixed use development potential.
The convenience of quick access to the freeway north or south and walkable access to major train and bus routes. With Perth CBD just 9km away, Fremantle CBD and Ports 11km and the Swan and Canning River just metres away, the property is also conveniently placed at short walking distance from local restaurants, bars and cafes, South of Perth yacht club, Deep Water Point Ski area and boat ramp, along with other health, retail and service amenities.
Prime land holding & investment opportunity
- 3 x green title lots totaling 1012 sqm
- 25 metres of frontage with magnificent river & city views starting from the third level & just one street back from the river
- A bonus of income while you design your plans of approx. $200K Per Annum
- Potential 180 river views
Under the RACO M10 zoning, which refers to mixed use up to 10 stories, with additional height concessions may be achieved with community benefits, buyers can develop the land for a multitude of uses, including restaurant, bar, tourist accommodation, retail store, medical, educational establishment, residential and many more (all subject to WAPC planning approval)
This is a prime land holding. The exclusive lifestyle in this location is arguably the best that Western Australia has to offer.