ONLY seven of the original 32 single lots remain for sale at LandCorp’s prestigious, award-winning South Beach Estate residential development.
Construction is well under way on a 17-unit complex by the Lester Group that offers two and three-bedroom apartments, while construction is about to start on a 36 luxury apartment complex, The Summer, from developer Match.
LandCorp’s metropolitan general manager Luke Willcock said the remaining seven lots were each 333sq m, with six in Enderby Close and one in Picard Lane.
Each lot is priced at $595,000.
“The 4ha South Beach development site has come a long way since we took it on as a disused former railway yards site,” he said.
“However, the atmosphere now echoes the early 1900s, when it was one of the State’s premier tourist attractions.”
Mr Willcock said the estate was now an award-winning development providing a stunning beachside lifestyle opportunity, close to the heart of Fremantle.
Construction of The Summer, which is a joint venture between property developer Match and investment giant Hawaiian, starts this month.
Match managing director Lloyd Clark said the company quickly recognised the opportunities South Beach Estate offered.
“The coastal location – which will always attract investors – is strengthened by a proactive council and the site’s closeness to several locations providing professional employment, such as the new Fiona Stanley Hospital,” Mr Clark said.
“The diversity of the product offered in the estate is a result of careful planning on the part of LandCorp and other stakeholders.
“We currently operate two sites within the estate: Move, which is at the price leader end of the spectrum, and the environmentally accredited The Summer.”