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Industrial Subdivision/Development Opportunity For Sale by Expressions of Interest Lot 1766 (50) Matison Street, SOUTHERN RIVER

We have here a very rare opportunity to acquire 7.5626 ha (approx 18.5 acres) of land in the proposed Southern River Business Park. This property,with a subdivision approval in place, is situated on Matison Street in Southern River and is a brilliant opportunity to secure a substantial industrial asset in the future Business Park.

The City of Gosnells is also a land owner in the proposed Business Park and they plan to deliver a high quality Business Park that will service the ever evolving southern corridor precinct and is being designed to encourage economic growth and to create future employment opportunities in the area.

The southern river area is growing quickly and the Business Park will be required to service the rapid residential growth in the surrounding developments/areas of;
: Bletchley Park
: Amelia Rise & Holmes Central
: Riverbank & Matison park 
: Ambia Estate which is the new LWP development only 700 metres from this property

In 2011 the property was rezoned from general rural to urban under the Metropolitan Region Scheme with its use being restricted to light industrial under the district structure plan adopted by the City of Gosnells.

The City of Gosnells has also already approved the Outline Development Plan (ODP) for the area known as 3F.

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.

Smaller lot (1000m2 +) industrial land subdivision is rare unless it is strata titled and this is an opportunity for a developer to get small green titled industrial lots sold into a niche market at very affordable prices even in a subdued market.

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 and as already mentioned this is a rare opportunity so don't miss the chance and call Mike Dunsmore on 0413 754 110 for additional information.

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Lot Size
For Sale by Expressions of Interest
Industrial Subdivision/Development Opportunity
Sale Type: For Sale
Ref #: 19380244
Category: Commercial
Mike Dunsmore

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