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1 & 3 Alex Wood Drive, Forrestdale WA 6112

$6,000,000

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$6M - $6.3M Transparent Transparent Listing Based on an openly advertised listing price.

Land 7947 m²

Listed: 19 hours ago

Overview

This property presents a rare opportunity to acquire a substantial freehold development site of 7,947 square metres positioned within the rapidly growing Forrestdale Commercial and Industrial precinct. Its prime location on a prominent corner at Alex Wood Drive and Watt Link Access ensures significant exposure, complemented by a high-visibility frontage to Randford Road.

The site is strategically zoned Industrial Business, making it highly suitable for a range of commercial and industrial developments. This landholding stands out as one of the last undeveloped parcels available in this burgeoning area, offering potential buyers a unique position within a precinct characterized by expansion and strong demand.

Notably, the property benefits from dual street frontages plus an additional exposure, totaling three street frontages, enhancing access and prominence – key attributes for future industrial or commercial uses. The configuration and scale of the site provide flexible development possibilities, appealing principally to developers and businesses seeking a significant footprint with excellent road access and visibility.

Given the limited availability of comparable opportunities in the region, this site is anticipated to attract considerable interest from the market, with prospects for a premium valuation.

Local Market Insights

In Forrestdale, Quiet Listings observed 16 new parcels of land entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $498,750. The property type mix of listed properties is predominantly Houses at 78%, followed by land (17%), and units (4%). The most active agency for land in the Forrestdale area is currently Tilt Commercial, representing 94% of new listings, followed by Rodway Group with 38%. 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.