1,224sqm Corner Site | R20/50/100 Zoning | Offers Invited
Sterling Property is pleased to offer 170 Alexander Road, Rivervale - a rare opportunity to acquire a large, income-generating corner site with approved development potential in one of Perth's most dynamic inner-east growth corridors. This opportunity is For Sale via an offers invited campaign closing at 3pm on Thursday 5th June 2025, unless sold prior.
Comprising three separate 3x1 homes on one freehold title, the property generates a combined $101,400 per annum (approx) in residential income, providing a secure holding return while exploring future development options.
The generous 1,224sqm landholding is zoned R20/50/100, allowing for high-density residential redevelopment. A current Development Approval for a Build-To-Rent scheme is in place, though the flexible zoning presents a wide range of possibilities including townhouses, apartments, or subdivision (STCA).
Key Features:
• 1,224sqm corner site* with dual street frontage
• R20/50/100 zoning – strong redevelopment flexibility
• Existing Development Approval for Build-To-Rent
• Three tidy 3-bedroom homes generating $101,400 p.a. (approx)
• Single freehold title, simplified management and ownership
• Located just 700m from Belmont Forum
• Close to Perth CBD, airport, and major employment hubs
• Median House Price: $820,000 | Median Rent: $700pw
Location Highlights:
• 700m to Belmont Forum
• Close to Great Eastern Hwy, Tonkin Hwy & Graham Farmer Fwy
• Proximity to Perth Airport, Optus Stadium, and local parks
• Strong rental growth and buyer demand in Rivervale
• Access to public transport, schools, and green space
For additional information or to request a copy of the IM please contact the exclusive Selling Agents Simon Brady or Vincent Siciliano
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