Former Princess Margaret carpark listed by WA Government as infill redevelopment site

Former Princess Margaret carpark listed by WA Government as infill redevelopment site
Former Princess Margaret carpark listed by WA Government as infill redevelopment site

The WA Government has called for offers on the former Princess Margaret Hospital carpark.

The three-street front West Perth offering encompasses a total 5,666 square metres, one of the inner-city’s largest infill redevelopment sites for some time.

Approval is in place for three titles with offers being sought for purchase as one englobo lot or as one of three individual site lots.

Situated opposite the old hospital, the former medical specialists’ carpark will play a pivotal role in the future rejuvenation of West Perth and complement the adjoining Subi East redevelopment precinct.

LJ Hooker Commercial Perth’s Brian Neo and Vincent Siciliano have been appointed exclusively to the sales campaign.

Neo anticipated the site – located on the eastern side of Thomas Street with almost 50 and 90 metres of frontage to Cook and Murray streets, respectively – would attract interstate and international interest.

He said it would appeal to developers looking for premium infill sites ahead of the next property cycle.

“This is the leading infill development site currently on the market in Perth and one of the best we’ve seen offered in several years,” said Neo.

“The site is earmarked for office and residential development under the City of Perth town planning scheme and, as an elevated site, has the capacity to offer stunning, panoramic views of the city via a future tower development.

“In addition to its large-scale footprint, any redevelopment of the site can leverage the amenity which the State envisions for the future of the Princess Margaret Hospital site, which it is connected to via a pedestrian underpass.”

The double western allotments of the carpark site each offer 1845 square metres of developable land, while the eastern allotment is larger at 1976 square metres.

“The former carpark site will have a great influence in the overall rejuvenation of the inner-city and the State Government is interested in finding a buyer with a vision to complement their intent for the precinct.”

Offers to purchase close February 22 2pm, WA time.

Tags: 
Perth Redevelopment

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