5 King Street is situated two blocks off the Stuart Highway. It used to be used by the associated car dealership fronting Stuart Highway. Stuart Park (the Golden Mile) is the central hub for most car dealerships and other retail and automotive uses. There is easy access in and out of Stuart Park via the Stuart Highway and Tiger Brennan Drive (via Dinah Beach road).
The property is underdeveloped and only has a couple of car port structures on the site with some bitumen seal to the block. There is a singular vehicular cross over off King Street. There is no exposure to the Stuart Highway. Likely purchasers would be mechanics, car detailers, hire companies and businesses potentially looking for hard stand storage or new car delivery/service area.
Land to the rear of this site is zoned MD (Multiple Dwellings) and it could be worthwhile in the future approaching the Department of Infrastructure Planning and Lands to see if Planning would consider a re-zone to Multiple Dwelling (MD).
Given the site is under-developed we believe it would appeal to small businesses that could seize the opportunity to acquire the site and develop a small office and workshop for the business.
Key points:
- Land area 1,160sqm
- Zoned SC - Service Commercial
- Perfect for development
- Situated just off the Stuart Highway
For Sale by Expressions of Interest closing Tuesday 10th of December at 4pm.
Contact Matthew Knight or Peter McVann or Knight Frank on 08 8982 2500
