This is an exceptional chance to secure a substantial land parcel (1,002 sqm) in a rapidly evolving area, perfect for developers seeking maximum design flexibility and holding income.
Key Investment Highlights:
- Massive Land Area: 1,002 sqm total, providing significant development scale.
- Flexible Zoning: Mixed-Use classification allows for diverse commercial and/or residential projects.
- Logistical Advantage: Features highly valuable rear lane/alleyway access, simplifying design and operations.
- Condition: Priced as a Knock Down/Rebuild opportunity. The property's value is purely vested in the land and its superior zoning.
Current Tenancy & Immediate Potential:
- Holding Income: Secured tenancy at $415/week.
- Lease Expiry: March 4, 2026. This provides a clear planning window.
- Existing Structures: Current 3 Bed / 1 Bath dwelling (110 sqm) and 117 sqm shed. Though poor quality, they offer the potential for temporary use as a basic site office or on-site staff accommodation post-lease.
For more info contact Robbie or Levi today!
Robert Gilmore 0419 864 695 - robertgilmore@kalgoorlierealestate.com.au
Levi Forbes 0474 439 600 - leviforbes@kalgoorlierealestate.com.au
