A rare strategic industrial land holding with subdivision approval already in place.
The industrial market is gathering momentum and this is a prime opportunity to acquire a land holding that can be subdivided now whilst the market is strong.
7.5626 ha (approx 18.5 acres) of land in the Southern River Business Park.
This property is situated on Matison Street in Southern River in an area is growing extremely fast.
This property is located very close to the rapidly growing residential areas of :
: Bletchley Park
: Amelia Rise and Holmes Central
: Riverbank and Matison park
: Ambia Estate which is the new LWP development only 700 metres from this property
In December 2016 the Western Australian Planning Commission(WAPC)granted an approval for the subdivision of the property into 31 light industrial lots.
The lots vary in sizes from 1229m2 and 8478m2.
Additional work has been done on the plan of subdivision and there are flexible options to possibly increase the yield to 34 light industrial lots.
The planning and development act allows for an extension of this approval (due to Covid Pandemic) until 13/9/2022.
Smaller lot (1000m2 +) industrial land subdivision is rare and this is an exciting opportunity for a developer to get small green titled industrial lots sold into a niche market at very affordable prices in a growing market.
The nearest industrial Estate of Forrestdale is currently selling extremely well with " off the plan' sales evident in the Crossroads estate.
There is an existing home on the property that is currently leased producing a small return (Gross approx $20,000) to assist with holding costs whilst development is undertaken.
Realistic vendors so don't miss the chance and call Mike Dunsmore on 0413 754 110 for additional information.
