85 VICTORIA ROAD, KENWICK WA 6107
OFFERS FROM $1,600,000 PLUS GST CONSIDERED
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- 22 Aug 2016
MADDINGTON INDUSTRIAL ESTATE EXPANSION - FUTURE GROWTH ANTICIPATED
Michael Fitzgerald & John Perrett of Alliance Commercial present to market for sale 85 Victoria Road, Kenwick.
The property is a rectangular shaped block whereon an older style 3 bedroom house is situated. Located within the MKSEA Precinct 1 area the property's proposed future zoning is industrial.
Local Planning Policy (LPP 5.6) (attached) allows for temporary development opportunities within the area until an Outline Development Plan (ODP) is established. The Local Authority have verbally indicated they they will undertake the ODP for the area.
This property represents an excellent opportunity to ascertain a proposed future industrial asset at a non industrial price level while maintaining the ability to secure a holding income via temporary development of the property.
Key Property Highlights
*Land Area - 20,212sqm
*Current Zoning - Business Development
*2.7kms* to Tonkin Hwy
*3.9kms* to Albany Hwy
For further details or to arrange a site viewing please contact agent(s).
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
85 VICTORIA ROAD KENWICK