Perth, 17 July 2015 –CBRE has been exclusively appointed to sell an Ascot site with significant development potential on behalf of QUBE Ascot Development Ltd.
The 3,936sqm corner site, located at 68 Daly Street, features approximately 125 metres of combined frontage to Stoneham Road and Daly Street, views over Grove Farm Reserve and The Swan River, and convenient access to Perth CBD and lifestyle facilities.
The site further benefits from flexible mixed use zoning, which allows potential for high rise residential/commercial and mixed use developments.
Ben Younger and Andrew Woodley-Page of CBRE are negotiating the sale via Offers to Purchase invited closing Thursday 16th July at 4pm.
Mr Younger said the Daly Street site offers developers an ideal opportunity to contribute to the significant development and transformation currently being undergone in the Ascot region.
“The site is ideally located for high density residential, hotel, commercial or mixed use development, underpinned by the regions predicted substantial population growth, and its close proximity to Perth CBD, international and domestic airports, and major lifestyle facilities.”
“Due to the rarity of a development opportunity of this size in the region, a highly competitive sales campaign is expected,” Mr Woodley-Page added.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.