Tender: Closes on Thursday 15 October 2026 at 2:00PM (unless sold prior)
INVESTORS & DEVELOPERS: IS IT TIME TO SWAP YOUR UNDERPERFORMING RENTAL FOR A PREMIUM DEVELOPMENT SITE IN HENDERSON HEIGHTS?
If you own an older rental property that is giving you headaches, limited capital growth and little development potential, this could be the opportunity to upgrade your property portfolio without moving into an entirely different market.
Imagine selling an inferior rental holding and replacing it with a flat 845sqm (more or less) freehold site in a Terrace Housing & Apartment Building Zone (THAB) — giving you significantly more options for the future.
This is not just another rental property. It is a development asset with holding income.
WHY THIS SITE?
* 845sqm (more or less) flat freehold site
* Terrace Housing & Apartment Building Zone
* Watercare network capacity available
* Services already on site
* Concept plan for up to 5 free-standing homes — subject to Council approval
* Existing solid 2-bedroom brick & tile home
* Existing tenancy + Healthy Homes Certificate providing holding income
* Premium Henderson Heights location
* Zoned for Summerland Primary School and Western Heights School
THE PERFECT PORTFOLIO UPGRADE
For an investor, this gives you the opportunity to move out of an inferior rental and into land with genuine development potential.
Instead of owning an ageing property where your options may be limited to collecting rent and hoping for capital growth, you could own a flat, well-located THAB site where the land itself provides multiple future options.
Hold it. Develop it. Add value. Sell the existing home and develop. Or simply landbank while the area continues to evolve.
For developers, the combination of flat land, THAB zoning, available network capacity and services on site makes this a particularly interesting site to investigate.
And because there is already a tenant in place, you don't necessarily have to carry an empty site while working through your plans.
LOCATION, LOCATION, LOCATION
Positioned in the heart of Henderson Heights, you're close to local parks, WestCity Shopping Centre, public transport and motorway connections, while benefiting from sought-after school zoning.
If you have been waiting for the right site to replace an underperforming rental, this deserves a serious look.
Sell the inferior asset. Upgrade the land. Create your next development opportunity.
Contact us today for further information, the concept plan or to arrange a private viewing.
