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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.

Related Experts

Tory Packer

Director

Investment Services

Perth

Tory has been in the commercial property business with Colliers International (WA) for over 11 years. 
Throughout this time, she has assisted in the sale and acquisition of over $200million worth of property for high profile clients, investment syndicates, corporations and government departments.


Tory has established herself as an experienced investment services expert in the Perth market, focusing on combining buyer engagement success and effective sales strategies to achieve optimal outcomes for her clients.
Her success is based on her market leading knowledge, comprehensive understanding of investment disposals and market reach throughout local, national and offshore markets.


In order to cultivate her track record, Tory spends time with buyers and sellers located interstate and offshore to present opportunities and establish relationships across the widest possible market. 
Tory is results driven and has established long-term partnerships with her clients, frequently exceeding her client’s expectations.

A sample of recent transactions completed by Tory include:
•105 Lord Street, Perth $21,000,000
•179 St Georges Terrace, Perth $18,250,000
•1101 Hay Street, West Perth $16,575,000
•Lots 37 & 38 Montario Quarter, Shenton Park $16,300,000
•100 Chisholm Cres, Kewdale $14,500,000
•592-616 Hay Street, Jolimont $13,000,000
•24 Chesterfield Rd, Mirrabooka $8,900,000
•15 Leila Street, Cannington $8,310,000
•7-41 Henderson St, Fremantle $8,250,000
•125-129 Murray Street, Perth $8,100,000
•20 Brown Street, East Perth $7,100,000

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Henry Vu

Manager

Investment Services, Healthcare and Retirement Living

Perth

Henry brings more than 12 years of specialist expertise in residential aged care, retirement living, medical and child care.

Within this industry space he has successfully delivered projects that have covered aspects of transactions, operations, strategic decision making, valuations, financial modelling, development, project management and service design.

He consistently holds the trust of his specialist clients with his industry knowledge and depth and is proud to be an active advocate for the industry.

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