One of Perth’s biggest builders, Dale Alcock, is selling a vacant block of land he owns with wife Janet in North Coogee — without building on it.
Given he has built more than 20,000 homes in Perth and the South West, it does seem odd that he would not build on his own block of land.
But he said the Chelydra Point land was simply surplus to requirements.
“It’s in excess of my needs,” said the Fremantle Dockers president.
Since purchasing the 721sqm lot in 2007, the pair have built a beachfront home in Swanbourne, next to businessman Michael Chaney and Thermomix queen Grace Mazur.
Alcock said he expects to lose money on the North Coogee land, which he bought for $2.97 million.
He said he had been waiting years for the market to recover from the downturn, claiming the value had probably halved at one point a few years ago.
He was satisfied that while he will not break even on an imminent sale, he expects to get a decent enough sum to warrant listing it.
“It’s not for sale at any price,” he said. “If I don’t get what I need for it, I will simply put it back in the bottom drawer.”
Property prices in the area are on par with 2012 prices, after growing 7.6 per cent in the past year. The median price in the suburb is $1.28 million.
Concept plans for a proposed home on the block included four bedrooms, a double-car garage, an al fresco dining area, a courtyard, a private jetty and pool.
With a 15m frontage directly facing the inlet, it would be possible to throw a fishing line in the water from the back courtyard.