62 Cheriton Road, GINGIN WA 6503
For sale by Expressions of Interest
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- 12 Oct 2016
Development Potential at Picturesque Gingin Township
CBRE are pleased to offer 62 Cheriton Road Gingin for sale via Expression of Interest.
Overlooking Cheriton Estate and the Gingin Brook this property offers an ideal lifestyle opportunity with development options.
This magnificent 26ha (64.28 acres) is located on the edge of the picturesque Gingin Township and identified as Potential Urban subject to planning studies (Shire of Gingin - local planning strategy February 2012). Preliminary plans for the property show a potential 135 Lots (Subject to Council approval).
The property has a double story home with 3 bedrooms (2 with built in robes) two bathrooms, large lounge/family area, kitchen dining, fenced rear yard plus double carport. There is also a shed and irrigation infrastructure around the property.
The property is currently leased providing the land banking investor a passive income.
This is a great opportunity to secure a lifestyle property where you can walk to the historical Gingin Township and enjoy the ambience. The Shire of Gingin is a unique and exciting place in which to live.
The development potential is supported with the Shire of Gingin being one of the fastest growing and developing rural shires in Western Australia, and its strategic location to the immediate north of the City of Wanneroo ensures that it will continue to experience growth.
A detailed Property Interest Report is available upon request.
An inspection is highly recommended.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
62 Cheriton Road GINGIN