Small and medium-sized developers expected to be among bidders for Storybook Way site
The 3,003sqm site, which is close to the town centre and public transport, has development approval for a 28-apartment complex and will be taken to market by Colliers International Land Sales Executive David McManus.
“The land is on newly constructed Storybook Way and is located in The Assembly precinct, a 4ha infill development on the site of the former Koorilla school,” Mr McManus said.
“In addition to the apartment site, The Assembly has 41 residential lots which are now occupied and land earmarked for an aged care home, making it an important component in the revitalisation of Coolbellup, an older style suburb that was established in the 1950s.”
The land at 19 Storybook Way is approximately 200m from Coolbellup Shopping Centre and public open space at Len Packham Park.
Mr McManus said Coolbellup had been a development hot spot following the agreement between government land agency LandCorp and multinational developer Lendlease, to develop a new mix of housing on three of the suburb’s former school sites.
“The Assembly builds on the success of the first two school infill developments, The Primary and The Playground, and we are expecting offers on the apartment site from small and medium-sized developers who want to build in an established suburb,” Mr McManus said.
“With Fremantle 6.5km away and Murdoch University and Fiona Stanley hospital just 3km away, there’s also likely to be good demand from downsizers and first home buyers for the one, two and three-bedroom apartments on the site.”
Offers for the site close on July 24