Exclusive selling agents Realmark Commercial are pleased to present to market 36-38 Riversdale Road, Rivervale for sale via Expressions of Interest campaign closing 5pm, 28th May 2024.

The property offers developers the opportunity to acquire 3,096sqm* of river fronted land, currently zoned “Special Development Precinct” under the City of Belmont LPS 15.

The subject properties abut Finbars 19-storey “The Point” development and Doric Group’s 12-storey “Park on Swan” development. Surrounded by thriving developments such as Aloft Perth, Arbor North, and Vantage Apartments the site is situated within a vibrant area rife with development.

Benefiting from a 12-storey height limit and sold with DA submitted for a residential development consisting of 125 units. The site is unique in its location, zoning and holding income with two residential properties currently occupying the site producing $80,600pa collectively.

What we love:

+ Unobstructed absolute river front views

+ Generous site area: 3,096sqm*

+ Two (2) separate lots

+ Strong holding income: $80,600pa

+ 800m from Burswood train station

+ Proposed DA for a 125 unit development

Development Application

A copy of the DA lodgment documents can be supplied upon request.

SALE PROCESS

The property is being sold via 8 week "Expressions of Interest" campaign closing 5pm, 28th May 2024.

For further information, please contact the exclusive listing agent below;

Brent Griffiths | 0402 609 126 | bgriffiths@realmark.com.au

Tom Jacob | 0483 038 690 | tjacob@realmark.com.au

*Approx.

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