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 | bgriffiths@realmark.com.au
Tom Jacob | 0483 038 690 | tjacob@realmark.com.au
*Approx.
