Applecross property with 8 leased townhouses and significant development potential goes to market

Colliers International appointed to sell corner site in Canning Bridge Activity Centre

Colliers International has been appointed to sell an Applecross property with eight leased townhouses and zoning that allows for a 15-storey mixed-use development.

The 2,227sqm property is on the corner of First Avenue and Kishorn Road and is inside the boundaries of the master plan that will guide the development of Canning Bridge’s public realm.

Selling agents Henry Vu and Tory Packer said there would be strong interest in the sale because the property’s size and frontage to two roads made it an opportunity for a grand scale development in one of Perth’s most desirable suburbs.

“The 15-storey potential of this site will allow for view corridors to the city and river from a site that also enjoys a setback from busy Canning Highway,” Ms Packer said.

“The holding income from the townhouses will be an extra incentive to developers with a medium-term outlook.”

“Residential developers wanting to secure land in a precinct earmarked for higher density and close to public transport to the city, Fremantle and stations on the Mandurah train line will be among the potential buyers for this site,” Mr Vu said.

The property is in the Canning Bridge Activity Centre Plan which is steering residential, community, office, retail and entertainment uses on land around Canning Bridge, which is 8km from the CBD and the meeting point for the Swan and Canning rivers.

It is also in the activity centre’s Kintail Quarter which has been earmarked as the area’s main retail and employment hub.

Offers to purchase 8 First Avenue, Applecross, close on December 3.

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Tory Packer

Director

Perth

Tory has been in the commercial property business with Colliers International (WA) for over ten years. Throughout this time she has assisted in the management and sale of properties for high profile clients and government departments.

Tory has completed a Bachelor of Laws and Bachelor of Commerce degree majoring in Corporate Finance at the University of Western Australia. She is a licensed Real Estate Agent and a member of the Real Estate Institute of WA.

Tory has been an appointed agent on successful sales and marketing campaigns for the disposal of mixed-use and commercial assets. Investment services transactions negotiated recently by Tory include a number of tenanted investments, heritage refurbishment opportunities, existing buildings and residential, commercial and mixed-use development sites.

Tory has also undertaken frequent acquisition work on behalf of purchasers seeking to secure offmarket assets, and has developed comprehensive negotiation skills.

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