ACTON South Central takes great pleasure is offering to the market this rare opportunity of 2 neighbouring properties forming a corner land parcel of 2,002m2.
The properties may be sold individually or as one bulk lot.
This significant land holding is zoned R40 allowing for a 2 storey multiple dwelling development of substantial size. Both properties have premises that, although aged, are well maintained and in lettable condition. This provides the opportunity to secure rental income in a land bank situation or whilst undertaking the planning and approval process of any future development
Located within the Hamilton Hill Revitalisation Strategy Area, the surrounding area has commenced it renewal and is expected to see significant change into the future under the vision of the City of Cockburn’s strategy. With local amenities nearby including shopping and entertainment the area of Hamilton Hill is set to only move forward.
Demand for apartment developments of a mix of 1 or 2 bedrooms has already been proven with the Orchard by the Sea apartments in Eliza Ponds now being over 70% sold with construction significantly completed.
The Western Australian Planning Commissions recently released strategic document Directions 2031 and beyond: Metropolitan planning beyond the horizon, sets a target that 47% of the additional dwellings required by 2031 in the Perth and Peel Metropolitan area will be delivered through urban infill. Hamilton Hill, as a well-connected inner ring suburb, is well situated to contribute to the delivery of these infill targets.
To arrange your copy of the Information Memorandum please do not hesitate to call Richard Carter on 0438 374 255 or email at richard.carter@acton.com.au.