More development sites offered for sale as Canning city centre takes shape.
A private developer has paid $1.6 million for a development site in the centre of Cannington where a high quality urban development plan is unfolding.
The 1127sqm property opposite Westfield Carousel is leased to a medical practice and was sold by Colliers International’s Tory Packer who said the transaction represented a land rate of approximately $1420/sqm, which put it at the higher end of land sales in the Cannington area.
Ms Packer said the property at 14 Cecil Avenue was in the centre of the urban regeneration plan that would transform Canning’s city centre into one of Perth’s strategic metropolitan destinations.
“The property has a city central zoning allowing for mixed-use residential, commercial or retail developments and has a nine-storey apartment project under construction on one of its boundaries and a commercial building on the other,” Ms Packer said.
Under the City of Canning’s plan for the new city centre, Cecil Avenue, which runs from Cannington train station to Albany Highway, will become Cannington’s new main street.
“With Westfield Carousel as its anchor and new commercial and residential developments underway, the city centre is attracting strong interest from the development industry and offshore buyers,” Ms Packer said.
Ms Packer is also selling two other development sites in the city centre, at 18 Pattie Street and 14-16 Leila Street. Both are approximately 100m from Cecil Avenue and can accommodate high-density, mixed-use developments between four and six storeys.