7 Forbury Street, Lakelands WA 6180

Vacant land in boutique development | Lakelands growth corridor | Minutes from coast | Native woodlands setting This vacant land parcel represents a low-supply entry point into The Gardens at Lakelands, a described boutique development. Its primary appeal is securing a position within a curated community in the established Southern Corridor, proximate to coastline amenities, without the premium for an existing structure. The property serves a buyer seeking a long-term land bank or a custom build, accepting the complete absence of immediate yield and the full burden of development costs and timelines. The decision hinges on committing capital to an illiquid, non-income producing property while bearing all construction risk and holding costs. The commercial logic requires a multi-year hold to realise capital growth from the developed community, betting on Lakelands’ broader expansion. Proceed only with a confirmed build plan and budget, treating this as a foundation purchase, not a short-term investment.