Potential residential subdivision site for sale at 68, 70 and 76 Caporn Street, Wanneroo bordering the suburb of Sinagra presents the opportunity for astute investors to purchase prime englobo residential land. JLL Director of Sales & Investments (WA), Sean Flynn and Head of Sales & Investments (WA), Nigel Freshwater appointed by the Perron Group. 

The property represents a substantial landholding in a location with limited new residential land supply situated within the rapidly growing north west metropolitan urban corridor, approximately 25km north of Perth CBD.

It provides developers the opportunity to take full advantage of the anticipated continuing growth and residential expansion within the City of Wanneroo stimulated by strong projected population and housing growth in the northern corridor of the Perth Metropolitan Region.

The land is zoned ‘Urban’ under the MRS and ‘Urban Development’ under City of Wanneroo TPS No. 2, and the necessary Local Structure Plan (LSP) for the precinct has recently been endorsed by City of Wanneroo and submitted to WAPC for final approval.

Mr Flynn said, “The current owners of Caporn Street have collectively done a lot of the heavy lifting to ensure the land wasn’t included within the approval framework of the East Wanneroo District Structure Plan (“EWDSP”) area.”

“Aside from the obvious streamlining of the development timeframe, there is also no requirement to partake in a formal Developer Contribution Scheme for the EWDSP” Mr Flynn added.

Mr Freshwater said, “Now this site has its municipal zoning aligned with the MRS, and the LSP is well advanced with WAPC approval imminent, the pathway forward to subdivision approval is clear, so we expect that the buyer could be on the ground within a relatively quick timeframe after the purchase.”

“With a potential lot yield of in excess of 100 lots and dual street frontages to Caporn Street and Saponara Drive, the future residential subdivision on this land will benefit immensely from its proximity to nearby amenities including Wanneroo Central, Banksia Village and Carramar Village shopping centres, Joondalup City Centre and a host of other public open spaces and community facilities” Mr Freshwater added.

Expressions of interest for 68, 70 and 76 Caporn Street, Wanneroo close Wednesday 4th August 2021.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact form below.