Building plans are available for the above mentioned “Compass Rose” project. Asking rent $400/m2 pa for retail and slightly less for the mezzanine, plus outgoings (unknown but guessing approx $50/m2 pa) plus GST. Expected completion date May/June 2008.

Retail/Commercial Tenancy 1 = 228m2 + 13m2 carbay
Retail/Commercial Tenancy 2 = 215m2 + 16m2 carbay
Office/Commercial Tenancy 3 = 120m2 + 8m2 store
Office/Commercial Tenancy 4 = 112m2 + 13m2 carbay

Therefore there are 3 carbays on site for this area and a further 12 paid for as “cash in lieu of parking”. There is currently a parking area on this ‘Rockingham Village’ site and some street verge parking along the side but there is so much redevelopment going on in this area that it is hard to say what shire parking will be provided and where by the time the complex is up and running.

The owners advised that they have designed the commercial space without walls, which can be affixed later in order to accommodate any tenants for differing sized tenancies and it is possible to to connect the mezzanine floor, office to a ground floor commercial space if this is specific tenants requirement. The mezzanine appears to be a half floor above the retail shopfront areas.

WILL SELL GROUND FLOOR COMMERCIAL FOR $6000/M2 + GST