Latest Opportunity

Momentum Wealth has secured an iconic and rare mixed use development site of 685m2 at 331 West Coast Drive, Trigg. The site is currently home to the well-known Yelo café with the current lease in place until April 2020. Located on West Coast Drive, the property realises panoramic views of the Indian Ocean in a position where both residential and commercial property are in high demand and low supply. Distanced approximately 13.5 kilometres northwest of the Perth CBD in one of Perth’s premium coastal suburbs, the site meets the stringent Momentum Wealth Syndicate investment criteria and presents an attractive opportunity for investors.

The site is zoned “Local Centre”, allowing a small scale residential apartment development to be built above ground floor commercial. With the current lease generating serviceable rental income, the timeframe is ideal for Momentum Wealth as developer to produce the design, gain the necessary approvals, and appoint a builder ready for construction on site in 2020. The created product will be high-end and exclusive, matching the key demographic demands of the suburb and its surrounding coastal areas.

Unique Investment Opportunity

• Outstanding Coastal Location with sweeping views of the Indian Ocean
• Close proximity to the burgeoning Scarborough Activity Centre
• Iconic Café lease generating holding income in the short term
• Proposed luxury apartment product in high demand
• Opportunity to utilise expert market knowledge in preparing DA designs
• Lucrative returns on offer

Pendragon Capital Ltd (AFSL 237549) has authorised the Trustee to issue units in the Fund to investors who qualify as Wholesale investors