Baldivis is emerging as one of Western Australia’s fastest growing residential hubs, with the sale of a major development site set to tap strengthening buyer demand in the area.
CBRE’s Michael Milne and Ryan McGinnity have been appointed to sell a 15.11 hectare site at 311 Fifty Road via an Offers to Purchase campaign closing December 8.
The prominent land parcel benefits from a strategic corner location intersecting Eighty Road and is enveloped by a residential estate development.
The property recently achieved structure plan approval from the Western Australian Planning Commission, which was adopted by the City of Rockingham.
Mr Milne said the property represented a unique opportunity to undertake a landmark residential development in a premier location.
“The structure plan includes a preferred mix of R20, R25, R30 and R40 density residential development, together with a small commercial component,” Mr Milne said.
“This site presents an exciting opportunity to secure a footprint in the rapidly evolving regional hub of Baldivis,” Mr Milne added.
Mr McGinnity said the property was expected to attract strong investor interest from a range of buyers.
“Over the past 12 – 18 months, there has been a strong pipeline of residential subdivision site sales in the southern corridor, and this opportunity will no doubt attract similar interest,” Mr McGinnity said.
“Located directly opposite the Baldivis Primary School and surrounded by new estate development, this property is further enhanced by the recently completed expansion of the 29,500sqm Stockland Baldivis Shopping Centre, which includes the major supermarkets and multiple discount department stores.”
Mr McGinnity added: “Given the site is WAPC structure plan approved, this will enable more imminent development, generating substantial buyer interest.”