CBRE are pleased to present the market 101.9 Hectares of urban development land in North Dandalup.
Located 65km* south of Perth CBD and accessible via the Perth Freeway system or the South West Highway, North Dandalup offers an outstanding prospect for developers to purchase a master plan opportunity and ultimately create a residential estate 15 minutes east of Mandurah.
The property was rezoned to residential development in 2013 and is now ready for the preparation of an Outline Development Plan (ODP) for approximately 1,400 urban dwellings.
With a population of over 143,000 people, the Peel Region is one of the fastest growing regions in the state, increasing at 4% per annum outpacing greater WA at 2% annually. Major industry is contributing to this growth positioning the Peel Region to become one of the most populated regions outside Perth by 2050.
With an estimated Gross Regional Product (GRP) of $8.3b in 2017/2018, which has grown at a rate of 3.66% since 2012, the region shows no signs of slowing. Currently mining makes up 37% of GRP and is ably complimented with manufacturing, agriculture and construction, allowing the region to offer meaningful self sufficiency.
This urban development opportunity is being offered from $3.5 million plus GST.