Prime piece of industrial real estate in a high growth area with very flexible options.
The property has been in the same family ownership for the past 26 years and is now offered for sale.
It is located in the heart of the Kelmscott Industrial area and is the only property on Champion Drive with surplus vacant land (approx 3250m2) at the front offering a prime opportunity to develop further and increase the dollar return from the site.
The property has a total land area of ***6237m2 **** which is 1.5 acres in the old language.
The front of the property (approx 3250m2) has an Industrial Business zoning that would suit a new showroom development or similar (subject to City of Armadale approval) whilst the rear of the property (approx 2987) has a general industrial zoning and already has 6 brick and tin roof factory units with a total building area of 1326m2.
Existing factory sizes are as follows:
• Unit 1 263m2 plus 80m2 yard area
• Unit 2 200m2 plus 50m2 yard area
• Unit 3 200m2 Plus 50m2 yard area
• Unit 4 200m2 Plus 50m2 yard area
• Unit 5 200m2 plus 50m2 yard area
• Unit 6 263m2 Plus 50m2 yard area
The property (units) are fully leased and produce over $100,000 per annum in Gross income which in the current market could be increased and provides excellent holding income whilst decisions are made about further development of the site.
The property has numerous develop and hold, or develop and sell options available and is an exciting development/investment opportunity in a high growth area.
Contact Mike Dunsmore on 0413 754 110 for a viewing or additional information.
