The marketing campaign has started for a prime parcel of land between Stirling Train Station and Westfield Innaloo in the Stirling city centre.
The 3919sqm property at 1 Staveley Place in Innaloo, will be sold by Colliers International’s Tory Packer and Tim Scott, who said a future development would have a 66m frontage to Ellen Stirling Boulevard and would be opposite IKEA, Quest Innaloo and Stirling Cross Apartments.
“With a mixed-use zoning and a passing traffic count of approximately 31,000, this property offers developers a range of options to complement developments that have made Stirling’s city centre one of the busiest commercial hubs in the northern suburbs,” Ms Packer said.
“The site is 375 metres from Westfield Innaloo Shopping Centre, which has approval for a $450 million expansion that will significantly increase its amenity, and 350 metres from the Stirling Train Station.”
Along with residential and commercial developers, Ms Packer said the site would also be of interest to health care and aged care providers.
Mr Scott said property would be well-placed to benefit from investment in new infrastructure.
“Long-term plans for Stirling city centre, which stretches from Karrinyup Road, along Cedric Street and Ellen Stirling Boulevard to Scarborough Beach Road, will make it one of the key employment centres outside of Perth’s CBD,” he said.
“The Federal Government also announced in April that it would commit $65 million to the first stage of the city centre, which will include the extension of Stephenson Avenue and a new freeway interchange to relieve traffic congestion and help facilitate the delivery of light rail in a later stage.”
Mr Scott said the sale was expected to generate strong interest from WA developers and that bids may also be received from national and offshore developers.
Offers to purchase 1 Staveley Place close on August 1.