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Moorings stage may not sell publicly

Site clearance, to make way for the Moorings, the Lester Groups riverside development in North Fremantle, has commenced amid speculation that the $16 million first stage of the project may never be offered to the public.

Lester Group director, Andrew Lang, said the project had attracted a great deal of attention.

“We have a list of nearly 100 people who have expressed serious interest in buying into the Moorings, and we have given them a commitment that we will not advertise the project publicly until they have had a chance to reserve a unit,” Mr Lang said.

Selling agent Chris Hutchison of Acton Consolidated confirmed detailed information had been distributed to a list of people who had expressed interest in the project.

The Moorings occupies the old Pier 21 site at John and Corkhill Streets, which comprises 1.182 hectares of freehold land and 2.7 hectares of riverbed lease incorporating 146 pens.

All units will have a private mooring. Other facilities include two swimming pools, a tennis court, gym, and private landscaped gardens.

The thirteen apartments of stage one of the project are priced from $875,000.

The price of the penthouse featuring 100 square metres of balcony overlooking the river is expected to command more than $3 million.

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