BOORAGOON, WA 6154

Strategically positioned 809sqm site in the Booragoon city centre precinct with strong redevelopment upside. A rare opportunity to secure a strategic Booragoon landholding within one of Perth's key activity centre precincts. Occupying a high-exposure 809sqm* site on Riseley Street, this property offers immediate holding value together with compelling redevelopment potential. The site is improved by an existing renovatable house that is currently leased, providing holding income from day one while purchasers consider their next move. This flexibility will appeal to a broad range of buyers: 1) Investors may choose to retain the existing tenancy and land-bank in a tightly held location. 2) Owner-occupiers may see the opportunity to renovate and move in over time. 3) Developers and strategic buyers will recognise the value of securing a site and take advantage of the Mixed Use / R100 zoning, with redevelop the site to its full potential. Situated in the heart of the evolving Booragoon city centre precinct, the property is ideally positioned close to Westfield Booragoon, civic amenities, commercial activity and major transport connections. Whether you are seeking present income, a future renovation project, a strategic land-bank or longer-term redevelopment upside, this is a genuine opportunity to secure a well-located asset in an increasingly important urban precinct. The choice is yours, sky is the limit! Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters. Features Bath, Garden, Close to Parklands, Close to Schools, Close to Shops, Close to Transport, Air Conditioning, Gas Enabled, Broadband