Fully Leased Investment / Significant Development Upside
15 Leila Street, Cannington, Western Australia 6107
Office / Retail For Sale
Land Area: 5,000.00 m2. Floor Area: 1,930.00 m2.
Colliers International is pleased to bring to the market an outstanding investment opportunity, situated at 15 Leila Street, Cannington WA 6107.
Located close to Westfield Carousel and in the heart of the new planned Canning City Centre, this property includes an island site with a large landholding and a fully-tenanted building.
The building, with a net lettable area of 1,930 sqm, is currently occupied by multinational tenant, Fresenius Medical Care, and national education provider, Lead College. There is also a management agreement in place to Wilson Parking that adds the potential for additional income on this asset.
According to town planning controls, the property currently has sought-after ‘City Centre’ zoning, allowing for a wide range of potential uses. The Canning City Centre Structure Plan stipulates that in the future, the site will target a mixed-use development, with ground ﬂoor retail and residential above.
Under new density plans for the precinct, the site can accommodate a four to six storey building with a minimum of 100 dwellings per hectare, equating to a minimum of 50 dwellings on the subject site.
The ideal location of the property, within an established precinct, sitting in close proximity to Westfield Carousel Shopping Centre and less than one kilometre from Cannington Train Station, optimises the amenity and transport available for current and future users.
For sale by Offers to Purchase closing 13th December at 4pm WST.
Contact Tory Packer for further information on the opportunity.
*Figures are approximate
- Land 5,000sqm with significant frontages
- Fully Leased for $523,270* net p/a
- Close proximity to Westfield Carousel
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