Commercial, Residential

3 Glenelg Place, CONNOLLY, WA 6027

  • Overview
  • Details
  • Agent
  • Map

Overview

  • Property ID:
    31474
  • EOI:
    Expression of Interest
  • Area:
    2052 m2 (*approx)
  • Type:
    Commercial, Residential, Apartment Sites
  • Development Approved:
    27 apartments

Property Details

ELEVATED SITE – DEVELOPMENT APPROVED – STRONG HOLDING INCOME
  • 2,052sqm elevated hilltop site
  • Overlooks Joondalup Country Club
  • $120,000 (gross) holding income

Ray White Commercial (WA) is delighted to present 3 Glenelg Place, Connolly for sale by Expressions of Interest closing Wednesday, 20 January 2021 at 5pm AWST (unless sold prior).

This property is superbly located on an exclusive hilltop position accessed via Country Club Boulevard, with stunning aspects over the Joondalup Country Club and Golf Course and only minutes from Joondalup Gate.

The location is set to benefit from the new Ocean Reef Marina (under construction) that will transform the precinct with its capacity for 750 boats, 12,000sqm of retail shops, bars, restaurants, cafes, hotels and tourism and a raft of public amenities.

The hilltop property has a land footprint of 2,052sqm zoned ‘Mixed Use' (R80) and provides for a versatile uses and high density redevelopment options that takes advantage of the unique private elevated positioning.

Development Approval has recently been obtained for a four storey residential complex comprising 27 apartments (majority 2 bedrooms) with impressive design and spectacular views

The existing property has a well presented and maintained 9 unit secure gated residential complex that generates a fully leased gross annualised income of approximately $122,000 (rounded).

Expressions of Interest closing Wednesday, 20 January 2021 at 5pm (AWST) unless sold prior.

For further information, please contact:

Michael Milne

M: 0403 466 603

E: [email protected]

Lachlan Burrows

M: 0499 552 296

E: [email protected]

Remember to mention you found this property on DevelopmentReady.com.au

Agency information

Property Map
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