Unprecedented in size and location; this infill development site is ideal for medium to large developers looking for future development pipeline.
This is a prime opportunity to acquire a sizeable land parcel in an established residential area in proximity to the Wanneroo Town Centre.
The property is located on the arterial Wanneroo Road, 24 km* north of the Perth CBD in the metropolitan suburb of Sinagra. Currently occupied by Inghams Enterprises P/L, the site is being offered with a short term leaseback agreement, providing an opportunity to progress approvals and safeguard the development with a fixed income in place.
- Large 40Ha land parcel located within walking distance from the Wanneroo Town Centre
- 3-year leaseback to Ingham’s with 2 x 6 month options at 5% gross yield of the purchase price
- Currently zoned ‘Urban Deferred’ given existing poultry use
- Potential yield return of approximately 800* dwellings
For sale via Expression of Interest campaign closing Thursday 29th June 2017 at 3pm (AWST)
*approx.
