The City of Melville has appointed Colliers International to find a developer for a Mount Pleasant property offering panoramic views across the Canning and Swan rivers.
The vacant riverfront site was previously occupied by the Mount Pleasant Senior Citizens Centre and sits inside the Canning Bridge Activity Centre Plan. It consists of two lots; 13 The Esplanade, which has a 25m frontage to the Canning River and the adjoining rear lot at 64 Kishorn Road.
Together, the sites have a combined area of 2072sqm and a zoning which the City of Melville hopes will allow for a landmark mixed-use development.
Listing agents Erwin Edlinger and Henry Vu will oversee the campaign, which will begin with a Request for Proposals to purchase and/or obtain a ground lease to develop the site.
Mr Vu said the site’s two-street frontage and river and CBD views made it a rare development opportunity.
“Although the market for development sites has softened, demand remains strong for well-located, premium development sites, particularly in the Canning Bridge Activity Centre where several significant development projects are under construction,” Mr Vu said.
“There has been significant interest and record land rates in premium suburbs such as Applecross, Claremont, Jolimont and Shenton Park, all of which share common demographic characteristics with Mount Pleasant.”
Mr Edlinger said the Canning Bridge precinct was transforming into a flagship activity centre with the added lifestyle benefits of a waterfront location.
“With a mix of residential options, an established commercial centre and vibrant entertainment venues, Canning Bridge is an important focus for the development industry,” Mr Edlinger said.
“With the CBD just eight kilometres away and the Canning Bridge train station and bus routes within walking distance, we are expecting strong interest from developers wanting to add this site to their portfolio.”
The site is being offered by way of Requests for Proposals for sale and/or on a long-term ground lease to the City of Melville.
Requests for proposals close on August 29.