An aged care development site in Perth’s north has hit the market in a rare opportunity for buyers.

The property at 1-8 Paradise Quays in Ballajura consists of two individual parcels being sold as one, totalling 4.08 hectares, just 13 kilometres from the Perth CBD.

The two lots are situated either side of Paradise Quays at the intersection with Alexander Drive – one totalling 2.49 hectares, while the other is 1.59 hectares.

They are being taken to the market via an Offers to Purchase campaign by Knight Frank agents Cory Dell’Olio and Tony Delich on behalf of the vendor, the City of Swan.

Mr Dell’Olio said the development site was a rare and exciting opportunity for developers and operators of retirement villages and aged care facilities to acquire a landmark site close to the Perth CBD.

“It is rare for a site of this size in Perth’s northern corridor to come on the market,” he said.

“The property is situated in a great location, surrounded by a multitude of residential dwellings, as well as amenity with a small shopping complex, Emu Swamp Reserve, and the high-profile Alexander Drive.

“The property has high-profile street frontage to both Alexander Drive and Paradise Quays and is vacant and ready to be developed.”

Mr Delich said the sites had special use zoning, permitting retirement village and aged care operation on the land, creating a unique opportunity for buyers.

“The local council has projected a huge demand for retirement villages and aged care facilities within the Ballajura area given the ageing population,” he said.

“The City of Swan currently has a diverse population of almost 150,000 people, of which 20 per cent are over 55, and projections show Ballajura will see a population increase of 1,822 people aged 55 and over in the period from 2011 to 2026, with further increases likely.

“The location is ideal for a development of this nature, with Emu Lake and the surrounding amenities providing value to a potential retirement village on the site.”

The Offers to Purchase campaign for the property will close at 3pm (AWST) on Wednesday, May 29 2024.