Investment or Future Development Potential

This is a unique opportunity to secure a fantastic investment or future development site in the rapidly growing Cockburn Central area "Development Area 19". The Sellers are offering the property for sale by public auction and only the freehold is being sold. Being sold as a going concern the transaction will be GST Free, Leased until the 31st March 2015 and returning $74,000 P/A plus GST. The site is 1.22 Hectare or 12,200 SQM of mixed business use and residential, a structure plan has been created by the Cockburn City Council outlining design plans for lots, roads and public open space. Mixture of R-codes zonings from R25-R160. Improvements include brick and tile home to the right hand rear of the workshop area and the site is fully fenced.

http://www.cockburn.wa.gov.au/Council_Services/City_Development/Projects/DA_19_Muriel_Court_-_Cockburn_Central/default.asp

http://intermaps.cockburn.wa.gov.au/intramaps/hyperlinks/detailedAP/DG-APD60-MurielCourtStructurePlan.pdf

Auction on site
Date: Saturday 11th May 2013
Time: 12 Noon
Deposit: 5% contract price
Settlement: 42 days
Conditions apply* Improvements that belong to Lessee
will be noted on auction contract.

The commercial land component is approximately 3960m2
The commercial land is zoned r160 with a plot ratio of 2.0
The commercial component represents a 100 unit plus site
(subject to adequate parking arrangements)

The Residential component represents approximately a 50 unit site.
(Plot Ratios of between 0.5-0.7)
Please note: Muriel Court Structure Plan in place.
For a full 68 page development prospectus please call or send an email request.
For detailed town planning enquiry please contact the city of Cockburn on 9411 3444 and ask to speak to a strategic planner.

For more information please contact:

Andrew Stone 0401 797 975