LAND RICH OPPORTUNITY WITH SIGNIFICANT RE-ZONING UPSIDE
MLV as exclusive agents are pleased to present to market 1719 Albany Highway, a two-lot title comprising a total land area of 3,642 sqm. Currently zoned ‘General Industry’, the premises benefits from a significant re-zoning to ‘Mixed Use’ to coincide with the City of Gosnells new TPS, due for release in the near future.
Workshop: 195 sqm
Residence: 245 sqm
Hardstand: 2,500 sqm
(all areas approximate)
The property is ideally positioned on the busy Albany Highway, comprising a small workshop, sheds and residence to the front of the site. The title is a multi-lot title which comprises two lots combining 3,642 sqm of General Industrial land. Each lot has a combined frontage of 40m to Albany highway, making it an enticing redevelopment proposition in the future.
The workshop is built of brick elevations, iron roof and concrete floors and footing. It sits on the boundary of the southern periphery of the site and is open at the front which allows for access of larger vehicles. Contained within are two small offices plus a mezzanine above for extra storage.
The rear hardstand is currently leased on the below terms and conditions:
• $62,783 pa + GST and Outgoings
• Lease Expiry 31/03/2029
• 5 Year Option
• Annual Reviews – Greater of 3% or CPI
• Market Review 1st April 2029
• Bank Guarantee of $21,000
For further information please contact the exclusive agents Stefan Quaresimin on 0421 929 686 or David Lamb on 0411 597 952.
