Over the years, the owners of a prominent Perth block have watched the area rise up around them.
They are now ready to sell their land, which is located in Hammond Park, which is close to the Kwinana Freeway.
Developers have been eyeing this site for years, but they have never been able to secure a deal.
The land, which is zoned as development, is currently being offered for sale by the owners, who are expecting a good price.
According to reports, the property could sell for around $4 million.
According to a property sales agency, the land has great potential for both commercial and residential development.
The company’s managing director said that there has been a strong demand from both local and international developers.
Located 27km south of Perth and 5km from Cockburn Central, Hammond Park is a suburb that has a median house value of $690,000.
This lot features a four-bedroom brick home. Another two-bedroom flat is also on the property. A
ccording to Ollie Salimi, a head of property investment at EPS, a portion of this land was originally sold off for the Hammond Rd extension.
The agency believes that this land will be very popular due to the increasing demand for residential land estates in Hammond Park.
It also cites the area’s new public facilities and schools as contributing factors to the area’s growth.
Offers will close on September 25.