- 1,573sqm Under developed

- Currently tenanted and

- Potential to develop

This property has a number of potential features for both an investor and owner occupier.

With only 437sqm of the site holding a building area there is still room to move before the 50% plot ratio sets in, subject to Council approval an extension of the existing area could be built by a further 350sqm which could be separately leased or occupied while enjoying the modest passive income of just over $41,000 per annum plus GST and outgoings.

Although the property is Tenanted, the Owner has indicated that the surrender of the lease could be negotiated should a prospective purchaser wish to occupy the site in its entirety.

With an impressive street frontage of 26 metres and located in a well built up valuable industrial precinct, there is long term benefits here for the astute investor.

For further information call Maurice Oteri on 0409 885 577 or 08 9361 6766.

Winners of the REIWA Commercial Agency for Excellence Award 2006 & 2007