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14-18 Morgan Street
Rockingham WA 6168
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Sold on 18 Sep 2023

14-18 Morgan Street Rockingham WA 6168

  • Development / Land
  • 1.21 ha
  • Sold, $4,000,000

SOLD SOLD SOLD - More like this required.

    This massive 1.2ha industrial lot located in the sought-after Dixon Road area is a rare opportunity to tap into the potential of this prime location. The current owner, who has run a successful steel fabrication business here for 25 years, is planning to lease back the property for up to 5 years.

    Take advantage of this time to design and pre-sell/lease a new light industrial multi-unit complex while enjoying a solid rent return. With a main workshop of 1946sqm, ample office and storage space, and two street frontages, this property is ready for your vision to come to life.

    Zoned for light industry in the City of Rockingham, this property offers numerous development options, including subdividing into green title lots, strata unit development, or amalgamating into a single lot building. With no height or coverage restrictions (subject to planning approvals) and only minimal parking and landscaping requirements, the possibilities are endless.

    Sale price: $4M, nil GST as a going concern.

    Inspection by appointment only. Don't miss out on this incredible opportunity, call Trevor Longwood at 0431 678 500 or email trevor@oxbridge.com.au today!

    >> Zoned Light Industry in the City of Rockingham
    >> Land area 1.214ha (largest property in the industrial estate at 121m x 100.6m.) Lot 1526 - 8093 sqm & Lot 1278 - 4047 sqm.
    >> Seller to lease back at $240k per annum (net lease) for 5 years - to be negotiated with the buyer.
    >> Main workshop ~1946sqm, ~ 10m high
    5T Gantry crane
    10T Gantry crane
    3.2T external rail crane
    >> Workshop awing ~ 490sqm
    >> Office accommodation ~ 220sqm
    >> Secondary storage sheds ~ 200sqm
    >> 2 street frontage 121m front and back

    Development options - There are essentially no specific limitations on development, the City of Rockingham are primarily concerned about landscaping and parking.
    >> Subdivide into 6+ green title lots
    >> Strata unit development
    >> Amalgamate into single lot building

    Development guide (Please refer to the City of Rockingham for full planning requirements)
    >> Build Setback 15m front and 3m rear.
    >> 10% allocated to landscaping which must be include in the setback area.
    >> Parking can be included in the setback with a minimum setback of 6m.
    >> No coverage restrictions.
    >> No height restrictions (subject planning approvals.)

    Sale price: $4M, nil GST as a going concern.

    PLEASE NOTE: Inspection is strictly by appointment, you are welcome to drive past.

    For further details please call Trevor Longwood Ph 0431 678 500 or email trevor@oxbridge.com.au

    Property Highlights

    Date Sold18 Sep 2023
    Sold Price$4,000,000
    Floor Area2,450 m²
    Land Area1.21 ha
    ParkingAsk Agent
    Building TypeWhole building
    Property ID2019060321
    Category
    Last updated  17 Feb 2024
    Map for 14-18 Morgan Street Rockingham WA 6168

    Property Highlights

    Date Sold18 Sep 2023
    Sold Price$4,000,000
    Floor Area2,450 m²
    Land Area1.21 ha
    ParkingAsk Agent
    Building TypeWhole building
    Property ID2019060321
    Category
    Last updated  17 Feb 2024

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