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1-5 Bow River Crescent, Burswood WA 6100

For Sale

Search Band

$8M - $9M Medium Confidence Calculated based on our search observations.

Land 6441 m²

Listed: 55 days ago

Updated: yesterday

Overview

This expansive development site at 1-5 Bow River Crescent, located in the dynamic riverside Burswood Peninsula precinct, offers a rare opportunity in one of Perth's most prestigious entertainment and tourism hubs.

Comprising a substantial land area of approximately 6,441 square metres, the site holds significant potential for mixed-use development, enabling up to 353 residential units within a building height limit of 75 metres, and a plot ratio of 4:1. Its zoning and size encourage ambitious projects seeking to capitalize on the area's prominence.

Situated less than 100 metres from Burswood Railway Station and only a few stops from the Perth CBD, the location offers excellent connectivity for future residents or commercial occupants. The proximity to Crown Perth's hotel, casino, and entertainment complex, alongside the multifaceted Optus Stadium, enhances the appeal for developments targeting hospitality, tourism, or high-yield residential sectors.

Land size: approximately 6,441 sqm, providing a generous canvas for development.
Development potential for up to 353 residential units supporting high-density living.
Maximum building height capped at 75 metres, allowing for impactful architectural statements.
Plot Ratio of 4:1, facilitating efficient land use and significant floor space.
Prime riverside location in a renowned entertainment precinct, attractive for mixed-use purposes.
Immediate access to public transport and major road networks, ensuring connectivity and convenience.

This offering is suited to developers and investors looking to leverage the vibrant Burswood area, blending hospitality, residential, and commercial uses within a single project. The site's proximity to major amenities guarantees continued demand and appeal, making it an enticing proposition in Perth’s real estate market.

Offers must be submitted through the exclusive joint agents, ensuring professional guidance and access to full development information.

Local Market Insights

In Perth - South East, Quiet Listings observed 29 new parcels of land entering the market over the last 30 days, down from 81 during the previous 30-day period, with an average advertised asking price of $1,611,897. The property type mix of listed properties is predominantly Houses at 76%, followed by apartments (6%), and land (5%). The most active agency for land in the Perth - South East area is currently Tilt Commercial, representing 48% of new listings, followed by The Agency with 21%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.