A Rare Riverside Development Opportunity, Moments from the Heart of Perth
Positioned in one of Perth's most tightly held inner-city precincts, this 1,624sqm* dual-titled site offers a genuinely rare combination: scale, dual street frontage, and a location surrounded by the very best of East Perth living.
Just 2.5km from the CBD, the site sits within walking distance of the Swan River, Claisebrook Cove and Matagarup Bridge — with Optus Stadium, the WACA and Gloucester Park all close by. Few remaining sites in East Perth offer this level of connectivity to both lifestyle and landmark infrastructure, making this a standout opportunity for developers seeking a landmark address.
With flexible zoning supporting residential, commercial, retail and cultural uses, and plot ratio upside to 2.5, this is a blank canvas for a development that can truly make its mark on the Claisebrook skyline.
Note: the two titles are held by different owners and are being offered for sale together, but will transact as two separate sales.
Potential for Increased Yield
Recent changes to local planning density provisions may support an additional floor level beyond the current concept, offering further upside for a well-designed scheme. Prospective purchasers should make their own enquiries with the City of Perth to confirm current development potential.
Concept Vision
A development concept has been prepared for the site, envisaging a boutique apartment building with landscaped terraces, ground-floor retail/café frontage and resident parking — demonstrating the site's potential for a striking, amenity-rich outcome. (The concept image is a rendered photo for illustrative purposes only and has not been approved. It does not represent an approved design.)
Previous Development Approval (Expired)
The site was previously the subject of approved plans for a mixed-use office and apartment development (Scheme F.0, dated September 2008), comprising basement parking, ground floor office/commercial space and 1, 2 and 3-bedroom apartments across four upper levels. This approval has since expired and is provided for reference only, illustrating the scale and mix of development the site has previously supported. Prospective purchasers would need to lodge a fresh development application under current planning provisions.
Key Investment Highlights:
1,624sqm* vacant site across two titles (813sqm + 811sqm)
Dual street frontage – over 26 metres to Regal Place & Wittenoom Street
Plot ratio: 1.5, with potential to increase to a maximum of 2.5 (subject to conditions), plus potential further upside from recent density changes
Cleared, development-ready site suited to residential, commercial, retail or cultural use
Located within the City of Perth's Local Planning Scheme No. 26 – Normalised Redevelopment Areas, Claisebrook Village Project Area, Royal St Centre EP3 Precinct
Walking distance to East Perth IGA, cafés, bars and restaurants, and premier recreational precincts including Queens Park, Wellington Square Playground and Park, Claisebrook Cove, Swan River, Optus Stadium, Gloucester Park and the WACA
Sale price plus GST
*Approx.
A landholding of this size, in this location, rarely comes to market.
For Sale by Offers
For all enquiries, please contact:
Rhett Pace
The Agency
0424 286 721
rhettpace@theagency.com.au
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
