Positioned in one of Bunbury's most desirable growth corridors, this substantial 1,022sqm development site presents an outstanding opportunity for developers, investors, and land bankers seeking to secure a strategic holding with significant future upside.
Located within easy walking distance of Bunbury's CBD, Victoria Street entertainment precinct, and the stunning Back Beach coastline, the property is ideally situated to capitalise on the increasing demand for high-density residential development in the city centre, but also a long list of other commercial permitted uses under the RAC-3 zoning, such as Medical Centre, Holiday Accommodation, Commercial and more.
The zoning of RAC-3 has been identified for future residential density of up to R80 (subject to all relevant approvals), the site offers exceptional redevelopment potential. Preliminary planning assessments indicate the possibility of a six-unit residential development, making this an attractive proposition for developers looking to unlock value in a premium location.
The existing building improvements could provide flexibility for interim use, holding income, or future redevelopment planning, allowing purchasers to secure the site today and lease out as residential accommodation or potential 12 consulting rooms while considering future development options.
Opportunities to acquire large development-ready sites this close to both the city centre and beach are becoming increasingly rare, making this a compelling addition to any development portfolio.
Development Highlights
- 1,022sqm landholding in a highly sought-after location
- RAC-3 zoning with future density potential up to R80 (STCA)
- Preliminary planning advice indicating potential for approximately six residential dwellings, but also other permitted uses under RAC-3 such as Commercial, Medical Centre, Café and more.
- Walking distance to Bunbury CBD, Victoria Street and Back Beach
- Strong long-term growth and redevelopment prospects
- Existing improvements could provide holding income or interim-use opportunities
- Rear access and substantial on-site parking
- Rare city-centre offering held by the same ownership for over 30 years
Location Benefits
- Approximately 3 minutes' walk to Bunbury Back Beach
- Easy access to Bunbury CBD and major amenities
- Close to restaurants, cafés, shopping, schools and medical facilities
- Strong demand location for future residential development
This is a rare opportunity to secure a premium development site in one of Bunbury's most tightly held and rapidly evolving precincts.
All development potential is subject to approval from the City of Bunbury and other relevant authorities. Buyers should undertake their own due diligence.
