Located on the bustling High Street Kangaroo Flat, this substantial site has excellent passing income and long term development potential (STCA) suitable for the passive investor &/or longer term developer.


The 11,200m2 Residential Zoned site is well located, neighboring Harvey Norman, with approx 70m frontage to an access road fronting High Street. With a newly exercised leasing option of 3 years to ASX listed Catalyst Metals Ltd, the property generates an excellent and stable rental return of circa $92k per annum.


The site is split across two adjoining parcels of land. The front parcel includes a well presented office, staff amenities and shedding with a significant hardstand, while the rear section has excellent shedding with a mezzanine, office, basic amenities and another larger hardstand area.


This is a rare opportunity to secure a highly desirable site, with an excellent immediate return and longer term development potential (STCA).


Shed 1 (500m2*) - Office, workshop and amenities

Shed 2 (300m2*) - Workshop, mezzanine and office

KEY FEATURES:


- Significant parcel of land in high profile location

- Excellent rental return to ASX listed tenant

- Large developable parcel (STCA)

- Well presented office, shedding, amenities and significant hardstand

- General Residential Zoning