8 First Avenue Applecross WA 6153

We are pleased to present to the market the opportunity to purchase a corner development site in the Canning Bridge Activity Centre: 'Jacaranda Close' at 8 First Avenue, Applecross, WA.

The 2,227 sqm site is located on the doorstep of the Canning River and Swan River, in the prestigious riverside suburb of Applecross.

At present, the opportunity at Jacaranda Close includes eight leased townhouses that provide a holding income to a purchaser while development plans are pursued.

The property benefits from favourable planning controls and has a mixed-use zoning that allows for a 15 storey development with bonuses available if certain criteria are met.
A future development of this scale will likely enjoy Canning River and Swan River views with view corridors through to the Perth City skyline.

Jacaranda Close is ideally located amongst the leafy suburban streets with ease of access to nearby amenity, public transport and Perth's freeway network.

Seeking Expressions of Interest in the high $7 millions.