An incredible opportunity to acquire a highly visible & prominent site that is ripe for repositioning, redevelopment, re leasing or owner occupancy.
Comprising a total corner site area of approximately 889 square meters with a total building area of approximately 228sqm.
Currently disposed as an automotive workshop, the property is leased to the long standing Lessee on a periodical basis offering the option for vacant possession or to offer the Lessee a lease extension.
Exciting things are happening in the area with Kilkenny getting ready for a major transformation through the upcoming redevelopment of the former Bianco factory site at the corner of David Tce and Kilkenny train station.
Key features
- Corner site with two street frontages
- 889sqm site area*
- General neighbourhood zoning
- Development potential (STNC)
- Healthy rental income option from existing Lessee
- Close to Arndale Shopping Centre & Kilkenny train station
- No GST & No stamp duty on the sale
The property will be sold by way of public auction at 11:30am on the 23rd November 2023
For a copy of the information memorandum or to arrange an inspection please contact Matt Lazarus on 0430745100 or Daniel Seach on 0423 598 964.
*Areas are approximate
Disclaimer:
1. None of the Sophon Realty Pty Ltd & Sophon Group Pty Ltd Trading As Ray White Norwood, nor any of their respective officers, employees or consultants ("we, us") or conjunctional Agents make any representation, warranty or guarantee, that the Information, whether or not in writing, is complete, accurate or balanced. Some information has been obtained from third parties and has not been independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied by or on our behalf, whether orally or in writing.
2. All visual images (including but not limited to plans, photographs, specifications, artist impressions) are indicative
only and are subject to change. Any measurement noted is indicative and not to scale. All outlines on photographs are indicative only.
3. The Information does not constitute, and should not be considered as, a recommendation in relation to the purchase of the property or a solicitation or offer to sell the property or a contract of sale for the property.
4. You should satisfy yourself as to the accuracy and completeness of the Information through your own inspections, surveys, enquiries, and searches by your own independent consultants, and we recommend that you obtain independent legal, financial and taxation advice. This includes as to whether any price is inclusive or exclusive of GST.
5. We are not valuers and make no comment as to value. "Sold/ leased" designations show only that stock is "currently not available" - not that the property is contracted/ settled. If you require a valuation we recommend that you obtain advice from a registered valuer
Auction Pricing - In a campaign of this nature, our clients have opted to not state a price guide to the public. To assist you, please reach out to receive the latest sales data or attend our next inspection where this will be readily available. During this campaign, we are unable to supply a guide or influence the market in terms of price.
Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
Norwood RLA 278530
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
