Positioned in the heart of the Falcon precinct, 10 Olive Road presents a rare opportunity to secure a prime vacant development site with fully council-approved plans already in place. Set on a generous 1,259sqm block with a 20m frontage, this property is ready for immediate construction, offering a seamless pathway from purchase to development.The approved plans have been thoughtfully designed to accommodate a medical centre, chemist and caf, creating a high-demand, service-based hub tailored to the needs of the growing local community. With no existing structures on site, you have the flexibility to bring this vision to life without delay.Whether you are looking to establish your own business premises or develop and lease to quality tenants, this property offers exceptional versatility and strong long-term potential. The combination of essential health services and a hospitality offering is well-suited to the area, providing an attractive opportunity for both owner-occupiers and investors seeking reliable future income streams.With approvals already secured, you can avoid the time, cost and uncertainty of the planning process and move straight into the build phase. Opportunities of this nature - vacant land with approved commercial plans in a well-established coastal precinct - are increasingly hard to come by.The approved development includes a well-considered layout featuring a 439.55sqm ground floor area, total roof cover of 513.52sqm and a spacious verandah of 73.97sqm. The site also allows for 817.34sqm of carpark and paving, alongside 38.11sqm of landscaped area, ensuring both functionality and visual appeal.This is your chance to secure a ready-to-go development site in a thriving location, with the flexibility to occupy, invest or lease.Location Highlights: Positioned in the established Falcon precinct Coastal location with close proximity to all services Easy access to Mandurah and surrounding suburbs Strong exposure with 20m frontage Well-connected to main arterial roadsConvenience Highlights: Approved for medical centre, chemist and caf Designed to service the growing local community Opportunity to establish your own business Potential to lease to multiple tenants High demand for essential health and service-based offerings Ready-to-build with council approvals already in placeCall Michael on 0417 927 159 or Christine on 0404 048 880 for further information.This information has been prepared to assist in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, Harcourts Mandurah do not warrant or guarantee the accuracy of the information, or take responsibility for any inaccuracies. Accordingly, all interested parties should make their own enquiries to verify the information.
The size of Falcon is approximately 12.5 square kilometres. There are 21 parks, covering nearly 7.1% of the total area. The population of Falcon in 2016 was 5164 people. By 2021 the population was 5531 showing a population growth of 7.1% in the area during that time. The predominant age group in Falcon is 60-69 years. Households in Falcon are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Falcon work in a trades occupation.In 2021, 75.10% of the homes in Falcon were owner-occupied compared with 70.00% in 2016.
Falcon has 4,027 properties. Over the last 5 years, Houses in Falcon have seen a 126.18% increase in median value, while Units have seen a 118.96% increase. As at 30 June 2026:
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