THE PROPERTY DEVELOPMENT REVIEW
Riverfront Apartment Block 31 South Perth Esplanade, South Perth • 1,636 sqm site with stunning panoramic views • 5 x full floor apartments • Hold, refurbish or redevelop Cygnet West presents to the market a unique opportunity to secure a site on the coveted South Perth Esplanade, which could accommodate a larger- scale luxury apartment complex with an unbelievable outlook over the Swan River to the Perth City Skyline. With record-high population growth fuelling demand, and a shortage of housing, Perth residential prices are surging. The South Perth median unit price for three bedroom apartments increased by over 25% over the last year and almost 50% over the last four years.
Key Features: - Unrestricted panoramic views over the Swan River to the Perth City Skyline from ground floor up. - One of the last remaining development opportunities on South Perth Esplanade. - Highly lettable apartments provide holding income. - Affluent city fringe suburb. - High street cafés, restaurants, bars and retail shops close by. FOR SALE by Offers to Purchase closing Thursday 6th June at 4pm (AWST). Please contact the exclusive sale agents, Wayne or Tory, for further information. Tory Packer | Partner, Commercial Agency (Capital Markets) +61 434 659 909 tory.packer@cygnetwest.com Wayne Lawrence | Partner, Commercial Agency (Capital Markets) +61 434 650 853 wayne.lawrence@cygnetwest.com
May / June 2024 – 117
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