Tin found on a land at the centre of a promising piece of real estate (6)

I believe the answer is:

canaan

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'a promising piece of real estate' is the definition.
I can't tell whether this definition defines the answer.

'tin found on a land at the centre' is the wordplay.
'tin' becomes 'can' (synonyms).
'found on' says to put letters next to each other.
'at the centre' indicates the central letters.
The middle of 'land' is 'an'.
'can'+'a'+'an'='CANAAN'

'of' acts as a link.

Can you help me to learn more?

(Other definitions for canaan that I've seen before include "Ancient Palestine as in Bible" , "Biblical Palestine" , "Biblical Promised Land" , "Ancient Palestine, the Promised Land" , "Old Palestine" .)

I've seen this clue in The Irish Times.

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