WA development site sells as land bank

A 12,000 square metre industrial site located a stone's throw from the proposed Perth Freight Link upgrade has been sold to a private investor for $4.8 million with no immediate plans for development.

The property, an industrial site at 30-36 Stockdale Road, O'Conner, has two street frontages, heavy vehicle access and is close to Fremantle Port.

It includes eight leased units and a further 7,000 square metres of land.

Greg O’Meara from Colliers International said strong demand had seen numerous smaller sites in the O’Connor and Bibra Lakes area snapped up.

"As Perth Freight Link plans progress, there would likely be more movement in adjacent areas as landholders and investors sought to take advantage of the long-awaited transport corridor upgrade," Mr O'Meara said.