Landmark 2.04ha Canning River foreshore site up for sale in prestigious Salter Point

The 20,438sq m property at 51-53 Redmond Street in Salter Point, around nine kilometres south of the Perth CBD, is positioned on the northern bank of the Canning River and has around 195 metres of river frontage.

Adjoining the broader Aquinas College precinct near MacMahon Oval, the property is currently occupied by residential accommodation, administration and ancillary buildings associated with the property’s historical institutional use, which are in good condition and can be retained, but the site also offers significant redevelopment potential.

It is being offered for sale via an Offers to Purchase campaign run by Knight Frank agents Tony Delich and Zach Schreier on behalf of a private institution.

Mr Delich said the offering represented one of the most significant riverfront development opportunities to come to market in Perth in recent years.

“This is a truly exceptional riverside landholding, offering scale, amenity and redevelopment potential in one of Perth’s most tightly held riverside suburbs,” he said.

“The unique site offers an opportunity to create a landmark development outcome that responds to its unique foreshore setting.

“Discerning buyers have the opportunity to explore a range of future use and redevelopment outcomes.

“We will encourage buyers to engage with local and state planning authorities to assess the planning pathways available, but initial town planning due diligence indicates options include community/institutional use, aged care, retirement living, health, education, or a residential-led outcome delivered in conjunction with potential discretionary uses.”

The property is currently zoned ‘Private Community Purposes’ under the City of South Perth Local Planning Scheme No. 7.

Mr Schreier said the site was expected to attract strong interest from developers, institutional groups and owner-occupiers seeking a generational landholding opportunity.

“Opportunities of this scale and calibre along the Canning River are incredibly rare, particularly within such an established and tightly held suburb,” he said.