Absolute Riverfront Development Opportunity - 14 Storey, Mixed-Use, Build-to-Rent Potential Outcomes
510 Great Eastern Highway is a landmark riverfront development site in Ascot, the first stage of an anticipated 5-hectare project to be known as Ascot Reach, with direct exposure to the Swan River, both open and undisturbed parklands, and super-conveniently located adjacent to the rapidly evolving commercial, retail and residential hub of the Perth Airport.
The site itself is just over 1 hectare and has had previous development approval for over 200 residential dwellings, commercial offices and a hospitality venue and is primed to be a legacy-defining development in a landmark location at the gateway between the Eastern Hills and the City of Belmont. It has prime position, enjoying access to major arterial routes, excellent public transport and is located less than 10km’s (or 20 minutes) from both the centre of the Perth CBD and the major employment / residential centre of Midland city.
Potential development outcomes include (but are not limited to): residential apartments; Build-to-Rent developments; up-scale townhouses; serviced apartments; hotel and hospitality; aged-care facilities; medical services centre / precinct; commercial showrooms and offices; corporate campus; and education / training facilities.
With direct access to over 500m of absolute river frontage, 60m height potential and abutting almost 20 hectares of pristine parkland, possibilities for this project is only limited by your vision.
KEY POINTS
* Site Area: 10,120sqm
* Zoning: Urban ‘Mixed Use’ - Abuts Metropolitan Region Scheme (MRS) Primary Regional Road reserve for Great Eastern Highway and MRS Parks and Recreation reserve for the Swan River foreshore
* Building Height Potential: 61m or 14 Storeys (Airport Height Limit) STCA
* Local Planning Scheme: City of Belmont LPS No. 15
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