18 Rankin Way
Booragoon, WA 6154

Overview

Secure Now to Position for Future R50 in Prime Booragoon

Secure this elevated 774 m² landholding in Booragoon, ideal for developers and savvy investors. This property is strategically located in an area where the City of Melville is actively reviewing its Local Planning Scheme and residential densities to support R50 zoning.

The property features a solid 3-bedroom, 1-bathroom home that provides immediate holding income. As the planning and scheme review progresses, this site offers significant upside potential, subject to statutory approvals.

Conveniently located within walking distance to Westfield Booragoon, parks, schools, and public transport, this property is perfect for those looking to design their next property or grouped property project once the new planning framework is approved.

This property is being sold 'as is', with immediate leasing opportunities available.

Strategic Planning and Future R50 Potential:

• The City of Melville is currently reviewing Local Planning Scheme No. 6, which governs the use and development of residential land like Rankin Way.
• The Council has endorsed a program aimed at accommodating population changes, supporting infill housing, and ensuring that development is appropriately scaled and integrated with existing neighborhoods.

Location and Lifestyle:

• Situated in the sought-after Applecross Senior High School intake area, with easy access to quality primary schools and tertiary education routes.
• Conveniently located for quick access to Perth CBD and Fremantle via major roads, with strong public transport links focused on the Melville City Centre and Canning Highway corridors.
• Enjoy an amenity-rich environment with parks, reserves, sporting facilities, and the rapidly evolving Westfield Booragoon retail and entertainment hub all nearby.

Disclaimer: Buyers should conduct their own inquiries with the City of Melville regarding zoning and redevelopment potential.

Disclaimer: While every effort has been made to verify the accuracy of the details in this advertisement, the seller cannot guarantee its correctness. Prospective buyers or tenants should take necessary actions to satisfy themselves of any pertinent matters.

Location