A prominent and versatile development opportunity in the heart of Mandurah, one of Western Australia’s fastest-growing cities, has been listed for sale.
Occupying 6,045sqm, 310 Pinjarra Road is directly opposite the freshly-upgraded Mandurah Forum Shopping Centre, and adjoins a BP service station on the city’s main arterial road.
It primarily occupies the corner of Pinjarra Road and Dower Street, with frontages of 45m and 70m respectively, but also boasts an additional 40m frontage on Parkview Street.
The title is currently subject to separate zonings, with 3,821sqm facing Pinjarra Road zoned Service Commercial, and a further 2,224sqm on Parkview Street currently zoned Residential.
The City of Mandurah is considering a new Town Planning Scheme that would result in joint Commercial & Residential Mixed-Use zoning, adding significant development options for the Parkview Street portion.
Mandurah, approximately 70km south of the Perth CBD, is Western Australia’s largest regional city, with its current population of 84,000 forecast to grow by 44% between now and 2036.
The development site is surrounded by additional amenities including parks, the Mandurah Aquatic and Recreation Centre and Mandurah Library.
CBRE’s Ben Younger and Jake Wallman have been appointed to manage the campaign, in conjunction with Peter Vetten from Raine & Horne Mandurah, with offers invited by 2pm WST on Thursday June 4.
“Development sites of this quality don’t come to market very often,” Mr Wallman said.
“We expect this opportunity to generate significant interest from developers attracted to the site’s outstanding location; Pinjarra Road generates huge exposure and the Mandurah Forum is directly next door.
“This is a unique site benefiting from three street frontages, while its zoning also allows for a broad range of development options.”
Occupying 6,045sqm, 310 Pinjarra Road is directly opposite the freshly-upgraded Mandurah Forum Shopping Centre, and adjoins a BP service station on the city’s main arterial road.
It primarily occupies the corner of Pinjarra Road and Dower Street, with frontages of 45m and 70m respectively, but also boasts an additional 40m frontage on Parkview Street.
The title is currently subject to separate zonings, with 3,821sqm facing Pinjarra Road zoned Service Commercial, and a further 2,224sqm on Parkview Street currently zoned Residential.
The City of Mandurah is considering a new Town Planning Scheme that would result in joint Commercial & Residential Mixed-Use zoning, adding significant development options for the Parkview Street portion.
Mandurah, approximately 70km south of the Perth CBD, is Western Australia’s largest regional city, with its current population of 84,000 forecast to grow by 44% between now and 2036.
The development site is surrounded by additional amenities including parks, the Mandurah Aquatic and Recreation Centre and Mandurah Library.
CBRE’s Ben Younger and Jake Wallman have been appointed to manage the campaign, in conjunction with Peter Vetten from Raine & Horne Mandurah, with offers invited by 2pm WST on Thursday June 4.
“Development sites of this quality don’t come to market very often,” Mr Wallman said.
“We expect this opportunity to generate significant interest from developers attracted to the site’s outstanding location; Pinjarra Road generates huge exposure and the Mandurah Forum is directly next door.
“This is a unique site benefiting from three street frontages, while its zoning also allows for a broad range of development options.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
