Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

146 Riseley Street, Booragoon WA 6154

CONTACT AGENT

Search Band Search Visibility Band

$1.5M - $2M Medium Confidence Calculated based on our search observations.

Land 3 Beds 1 Bath 1 Car 809 m²

Listed: 14 days ago

Updated: 11 days ago

Overview

This substantial commercial landholding at 146 Riseley Street in Booragoon offers a rare opportunity for investors and developers alike to position themselves in a dynamic and evolving southern Perth precinct.

Occupying an 809 square metre site with R100 zoning, the property is directly opposite the major retail hub of Westfield Booragoon, placing it within a well-established commercial and retail activity centre. This ensures high visibility and accessibility, vital attributes for any future commercial or mixed-use development potential.

Currently leased as a commercial investment, the property provides a steady income stream, making it attractive for investors seeking a secure asset in a strategic location supported by excellent transport connections and local amenities. The R100 zoning opens possibilities for further development which would require planning approval, appealing to developers looking for a site with growth potential in a precinct primed for renewal and expansion.

The surrounding area is set to undergo significant transformation, incorporating approved expansions of Westfield Booragoon and new cultural and civic facilities such as the planned library, which will enhance the precinct's vibrancy and draw. This, coupled with the well-sized land and zoning, places 146 Riseley Street as a compelling proposition for those targeting a balance between present income and future asset appreciation.

In summary, this property serves several market profiles: developers seeking strategic parcels in growth corridors, investors desiring a commercial lease in a prominent location, and long term holdings for those interested in participating in the precinct's ongoing evolution.

Local Market Insights

In Booragoon, Quiet Listings observed 2 new parcels of land entering the market over the last 30 days, with an average advertised asking price of $1,375,000. The property type mix of listed properties is predominantly Houses at 81%, followed by land (13%), and villas (6%). The most active agency for land in the Booragoon area is currently It's Real Estate, representing 50% of new listings, followed by Haiven Property with 50%. 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.