A Green Title landholding of 491sqm positioned within the Mill Point precinct of the South Perth Activity Centre Plan ,a location where planning intent and built form are already transitioning toward higher density outcomes.
The planning framework supports increased density and mixed-use evolution, with scope (subject to council and discretionary approvals) to explore a multi-level outcome, indicatively up to 45 storeys.
For developers and investors, the fundamentals align:
A site size that suits a boutique apartment scheme
Established precedent for medium to high-density development within the immediate precinct
Flexibility to consider residential, mixed-use or visitor accommodation outcomes
The ability to stage or hold, supported by an existing income stream
Planning provisions also allow for consideration of tourist and visitor accommodation, including short-term stay, opening pathways for build-to-hold or hybrid income models.
The existing dwelling provides holding income of approximately $750 per week, allowing time to design, model and execute with precision.
Positioned moments from the foreshore, with direct CBD connectivity, this is a location where end values are supported by both lifestyle demand and ongoing urban consolidation.
Key Considerations
Green Title 491sqm landholding
Mill Point precinct, Activity Centre Plan location
Indicative 45 level development potential (STCA)
Suitable for boutique apartment or mixed-use scheme (STCA)
Potential for short-term / visitor accommodation (STCA)
Holding income approx. $750 per week
Strong surrounding development precedent
Proven end-value location with depth of demand
A site of this scale within this precinct typically lends itself to efficient, boutique development outcomes, where design, yield and end value can be carefully aligned.
Control the land, control the outcome, in a precinct where the direction is already set.
Expression of interest closing 14th of April, unless sold prior
Contact Luke McRae on 0422 522 462 for more information.
All development potential, building heights, land use and short-term accommodation opportunities are subject to relevant approvals from the City of South Perth and any other applicable authorities. Buyers are advised to undertake their own due diligence in relation to planning, zoning, development feasibility and permissible uses. Atlas Realty Collective makes no representations or warranties as to the accuracy or certainty of future development outcomes.
