2 Land Development Properties For Sale in Glynde

SUBSTANTIAL LAND HOLDING OF 7428 m2* FRONTAGE TO GLYNBURN ROAD OF 110 M* - ONCE IN A GENERATION OPPORTUNITY HELD BY SAME OWNERS OVER 65 YEARS

EXPRESSION OF INTEREST CLOSING 4PM MONDAY OCTOBER 15TH 2018 (USB)
SUBSTANTIAL LAND HOLDING OF 7428 m2* - FRONTAGE TO GLYNBURN ROAD OF 110 M* - ONCE IN A GENERATION OPPORTUNITY - HELD BY THE SAME OWNERS FOR OVER 65 YEARS - 5 TITLES - EXCELLENT HOLDING INCOME - MULTIPLE TENANCIES - RARE OPPORTUNITY TO LANDBANK OR REDEVELOP (STCC)

This property combines a great tenancy mix with long term upside. Perfect to landbank, the current approximate net passing rental is $330,806.24 per annum.

The current improvements comprise the following:
29 Glynburn Road
6 x Warehouse units, good concrete har...

An “Urban Corridor” Investment/ Development Opportunity Awaits

Mastracorp is proud to offer this rare piece of real estate situated on a very flexible “Urban Corridor” zone with endless use and re-development opportunities. Whether you are looking utilise the existing improvements and convert the property to an office/ consulting premise, perhaps even add a large workshop at the rear, or simply retain the residential use as it currently enjoys, the flexible zoning and position of the property caters for a variety of complying uses (s.t.c.c.). This is of course without compromise to completely re-developing the site implementing a Mixed-Use development wh...