Cygnet West and Biggin & Scott Land are delighted to offer for sale by expressions of interest the balance of the Hilbert Park Estate.
Located in the suburb of Hilbert, just 30 minutes from Perth's CBD, this is an unprecedented opportunity to acquire a substantial trading project with planning approvals in place.
Hilbert Park is located within an established high growth residential corridor, approximately 5 km from the Armadale City Centre and minutes away from established shops, schools and transport links.
In the context of the national greenfield market this is a rare opportunity to acquire an active project of this scale and furthermore, the Perth land market is clearly undervalued compared to the national average for Australian capital cities.
Key highlights of this offering include:
- Gross site area of 67.0885 hectares;
- Going concern estate that has been largely de-risked and ready to continue;
- Structure plan approved;
- 990* residential lot yield potential;
- Additional 4 hectare school site and 2.61 hectare commercial/retail land;
- Subdivision approval to develop 72 lots immediately; and
- Predominantly cleared land.
The property is being offered For Sale by Expressions of Interest closing Friday, 3rd June 2022 at 4pm (AEST).
*indicative yield
