Sam Barnett claims high interest for six-storey Ocean One development on Cottesloe Beach

An artist's impression of the proposed Ocean One development in Cottesloe.
An artist's impression of the proposed Ocean One development in Cottesloe.

SAM Barnett, the son of former Premier Colin, says a six-storey development flagged for Cottesloe has had significant interest from potential buyers despite not yet being approved.

The Ocean One development, planned for the corner of John Street and Marine Parade, is yet to be approved by a joint development assessment panel.

“Let’s give visitors to Cottesloe a choice other than a Mr Whippy ice-cream van or soggy fish and chips,” Mr Barnett told communitynews.com.au.

In 2014, after a decade of controversy, the former State Government enforced a new town planning scheme on Cottesloe that allowed up to six storeys.

Ocean One proponents, one of whom is Mr Barnett, now claim registrations of interest for about a third of its apartments – including two at $1.8m reserved for Sydney residents and a London-based expat wanting the $2.4m fifth-floor property.

Ocean One has bought 16 of 28 apartments in the existing Sea Pines apartments, and now claims to be offering $1.1m to each of the remainders.

“This will occur via a traditional offer and acceptance process or with the assistance of the State Administrative Tribunal in order to complete procurement by early 2019,” development officer Debbie Whiting said.

However, high rise opponents, including Keep Cott Low president John Hammond, are voicing opposition to development on the beach.

“I believe in time Ocean One will become known as one of Perth’s most iconic buildings, and anyone opposing it is probably going to find themselves on the wrong side of history,” Mr Barnett said.

The developer aims to get approval in the second quarter of next year, and start construction in the third quarter.