162 Riseley Street
Booragoon, WA 6154

Overview

Prime Booragoon Mixed Use / R100 Opportunity with Holding Income

This property presents a prime opportunity in the Booragoon city centre precinct, offering a strategically positioned 809 square meter site with significant redevelopment potential under the Mixed Use / R100 zoning. The site is located on Riseley Street, a high-exposure location within one of Perth's key activity centres, making it an attractive prospect for a variety of buyers.

The existing structure on the site is a renovatable house currently leased, providing immediate holding income for investors or owners considering future plans. This flexibility caters to different buyer profiles:

• Investors can retain the existing tenancy and land-bank in a sought-after, tightly held location.
• Owner-occupiers may choose to renovate the property and move in over time.
• Developers and strategic buyers can capitalize on the zoning to redevelop the site to its full potential.

Situated in the heart of the evolving Booragoon city centre precinct, the property benefits from proximity to Westfield Booragoon, civic amenities, commercial activities, and major transport connections. This location ensures both present income opportunities and long-term redevelopment upside in an increasingly important urban precinct.

The property features include a bathroom, garden, and convenient access to parklands, schools, shops, and transport. Additional amenities include air conditioning, gas enablement, and broadband connectivity, enhancing the property's appeal for various uses.

This offering represents a rare chance to secure a well-located asset with multiple options for investment, renovation, or redevelopment. Buyers are encouraged to consider the strategic advantages and potential of this Booragoon landholding.

Disclaimer: While every effort has been made to ensure the accuracy of the information provided, prospective buyers should undertake their own investigations to verify all details.

Location