Bunnings buys land
Agent Tory Packer said the site between Tighe and Bishop streets had more of a commercial target market.
“There were a few commercial players involved in the inquiring and bidding,” she said.
“And there was quite a crowd; maybe 30 to 35 people.”
The land has been home to a variety of commercial and industrial buildings in the past, with some buildings demolished earlier this year.
Subiaco chief executive Don Burnett said the sale was a positive outcome for Subiaco after continuing uncertainty over the AFL’S move from Subiaco Oval.
“We’re seeing strong economic growth, with $623 million of development investment approved in the past two years,” he said.
“Subiaco offers an attractive combination of location, diverse property offerings and access to public transport.”
Bunnings has bought this site on Hay Street.