Landbank / Investment Opportunity | 6% Net 3 Yr Holding Income + Future Development Upside
$12,500,000 + GST
- Substantial passing income of approx. $859,513 PA Gross + GST.
- Highly attractive 6% Net return after all outgoing expenses.
- Major tenant provides bulk of income on 3 year lease expiring Sep 2021.
- Major tenant willing to extend 3 year lease to a longer term subject to purchaser requirements.
- Potential to add a further $48,000 + income from the site ‘as is’
- IN2 Light Industrial zoning.
- Future development site with 16 metre height allowance.
Available to market is a truly remarkable property, providing a gateway land site at the main entryway to the North West growth lands and enterprise precinct.
Land between Old Windsor Road and Withers Road which is tightly held and occupied by the high profile neighbours including Bunnings and the Australian Brewery.
Flexible zoning allows for a wide variety of usages subject to council approval.
- Light industrial.
- Neighbourhood shops.
- Food & drink premises.
- Vehicle sales.
- Serviced apartments & more.
The property can also be purchased with the adjoining land (Lot 1) which can provide a site area of up to 28,010m².
Lot 1 is provides for immediate development opportunity, and if combined, will provide over 121 metres of frontage to Annangrove Road.
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