Transport, parks and amenity surround Carter Lane site in Subiaco’s city centre.
The City of Subiaco has kicked off the new financial year with a sales campaign for one of its prime land holdings.
The vacant block at 6 Carter Lane will be sold through Colliers International and is in the Carter Lane Precinct, one of the last remaining industrial areas in Subiaco to be redeveloped.
Offers to purchase the 843sqm site will be overseen by Colliers International Executive Investment Services Tory Packer who said buying interest in the site had been mounting ahead of the campaign launch.
“This corner development site is one of the two big residential lots in Carter Lane Precinct and it has been earmarked for a medium-density, mixed-use project and there is a preference for it to have commercial uses on the ground floor and apartments on the upper floors,” Ms Packer said.
“Carter Lane is close to Subiaco’s popular restaurant and shopping precinct and just a short walk to the train station where Perth’s CBD is just three stops away.”
The development site has a plot ratio of 2.50:1 and a minimum building height of three storeys and a maximum of four storeys.
It overlooks Carter Lane Park, a 3000sqm public open space with water features and picnic and barbeque facilities that is part of the green spine running through Subiaco.
The site was previously under contract with embattled builder and developer Diploma Group, who received a development application for a four-storey, mixed-use building.
Ms Packer said strong pre-sales had been recorded at Carter Lane’s other big residential lot where Hillam Architects and Edge Visionary Living were developing the recently launched Botanical apartment project.
Carter Lane is also part of the Subi Centro Precinct where the Metropolitan Redevelopment Authority is overseeing a new city centre above Subiaco’s underground train station.
Offers to purchase 6 Carter Lane will close on August 18.