THE East Perth Redevelopment Authority (EPRA) is releasing a 3,467 square metre car park site contained within Newcastle and Aberdeen streets.
The site is behind the Aberdeen Hotel and has been used as a temporary car park since the construction of the Graham Farmer Freeway tunnel.
EPRA CEO Tony Morgan said the site had a 12-metre height limit and could accommodate about 500 car bays over three storeys.
“It is the only city car park property released in the past five years and boasts a monopoly position,” Mr Morgan said.
Selling agent Kingsley Lewis of Burgess Rawson said there had been interest from eastern states developers who had identified the location as strategic because of the Northbridge Renewal Project.
“With new residents and workers moving into the area and its proximity to the CBD, the site has been quickly recognised by car park developers around the country,” Mr Lewis said.
“Car park developments are a very specialised niche but to date most of the inquiries have come from developers and the remainder from car park operators.”
Tenders close on March 17.