11 Phoebe Street Southern River WA 6110

Sterling Property as Exclusive Agents are pleased to present for sale, Lot 11 Phoebe St, Southern River.

The Opportunity,
Southern River is a popular suburb that has seen significant development and growth over the recent years. Lot 11, a 4Ha property is situated beside a number of active developments south of Southern River Rd. This Urban Deferred property provides an opportunity for the astute buyer to secure a large landholding within the suburb of Southern River.

Southern River
Southern River has proven itself to become a suburb of choice for many 2nd, 3rd or 4th homebuyers which is reflected in the median house price growing by 18% over the past 12 months to $755,000 and rental growth of 23% pa.

Key Features:
- 40,277 sqm (approx)
- MRS Zoning: Urban Deferred
- Tenure: Vacant Possession
- Zoning: General Rural
- No Structure Plan over site
- Outgoings $6,000 PA
- Residential lot yield of 62 lots (subject to planning approvals)
- Services to be provided to boundary via development which is under construction to east

Sales Process:
Lot 11, is For Sale with an asking price of $3,200,000 Inc GST.

For further information on this opportunity contact Sterling Properties Exclusive Agents Simon Brady and Vincent Siciliano.