Groovy Subi Centro is in hot demand

DEMAND is running hot for residential and commercial-mixed use lots in the Subi Centro redevelopment.

Subiaco Gardens recorded sales as high as $900 per square metre. Of the 188 Subiaco Garden lots only a handful remain to be sold and those remaining are not likely to be around for long.

A further 190 residential lots will be released to the market in three subdivisions over the next two to three years. These are:

• 120 lots on land adjacent to Price Street and currently leased to BOC Gases and Mauri Foods

• 40 lots between Australian Fine China’s land and the Centro Avenue commercial strip

• 33 lots in the Market Square Park precinct adjacent to Station Square and Roberts Road.

Commercial developers are also interested in the project. Already seven lots flanking Centro Avenue have been sold and interest in commercial releases is high. Selling agent Martin Reeson has even taken a call from an international boutique hotel operator expressing interest.