13 - 15 Wren Street, Mount Pleasant WA 6153

Quarter Acre or Half Acre Development Site

Salt Property Group are proud to present this market tested and profit proven development opportunity at 13 & 15 Wren Street Mount Pleasant. Choose from a quater acre suitable for a 6-storey residential development or buy all three titles totalling a half acre and build an 8-storey apartment building that replicates the popular Sanctury and Oasis projects next door. Own your piece of the Canning Bridge Structure Plan, Perth's most active development area situated between Perth (9km) and Fremantle (11km) connected to the wider metro by road, river and rail.

Option 1 (single green title) - Purchase a quarter acre at 15 Wren Street
• A level, rectangular shaped 1,012sqm block
• Holding income from a leased character home
• Suitable for a standalone 6-storey residential building similar to 21 Kishorn Rd Apartments

Option 2 (three titles) - Purchase a half acre by acquiring both 13 & 15 Wren Street
• A level, rectangular shaped 2,028sqm block
• Holding income provided by three fully leased dwellings
• Suitable for an 8-storey residential building similar to Sanctury or Oasis

Nearby points of interest:
• 450m from the Swan River foreshore
• 450m from 24hr IGA Supermarket & Woolworths Applecross
• 600m from the Raffles Hotel
• 1km from the Canning Bridge Train Station
• 800m from St Benedict's School
• 1.7km from Mount Pleasant Primary School
• 2kms from Applecross Senior High School
• 2.2kms from Westfield Booragoon

Examples of nearby developments recently completed:
• Oasis, Mt Pleasant website - https://www.developwise.com.au/oasis
• Sanctury, Mt Pleasant website - https://www.developwise.com.au/sanctuary
• 21 Kishorn Rd Apartments website - https://www.apartments.com.au/buildings/kishorn-road-21-kishorn-road-applecross-wa-6153

This is a rare moment to secure a site with holding income allowing time to design and plan for future development creating an amazing opportunity for those looking for a blue sky investment property in Mount Pleasant. Please contact the sales team for further information or to receive a copy of the information memorandum..