This property offers a wide variety of development opportunity either as a land subdivision or building a strata title complex to sell, lease or a combination of both.

The property previously marketed at a significantly higher price now offers the buyer an opportunity to strike at the right time and capitalise on an improving market and materialise the opportunity to make money in this sort after location.

This could be the last time ever to buy land in Myaree at this value for money rate per square meter.

The site is predominately rectangle in shape, flat and easy to work with.

A frontage of 67.8 meters to Playle Street and a depth of approximately 146 meters.

The landholding is currently complemented with a substantial building of 2635sqm. The factory warehouse includes approx 230sqm of office and staff amenities. The approx 2400sqm warehouse has an internal minimum height of 8 meters with a 6 meters high travelling crane.

The building although aged and a little tired can be refurbished to create some real value over and above the current land value – Based on the current asking price this building is essentially free with the landholding.

Could be adapted to a logistics centre with massive hardstand and warehousing space while the long term objective could be to future redevelopment.

Alternatively, remove the current building and redevelop with a clean slate in this unique and sought after location now.

Located in a well-established precinct of Myaree industrial Zone this property is ripe for redevelopment… just a short 2 kms from the Booragoon Garden City Shopping and Business Complex due to undergo a $750 Million Dollar revamp to increase its capacity by 50%.
Only 16kms south of the Perth CBD and 9kms east of the busy Fremantle port this hidden jewel in the Myaree precinct could be your best opportunity to make money in the current property cycle.

Under the current town planning scheme (TPS No 6) established in May 2016 the property is zoned Service Commercial which allows a plot ratio of 1 and a building height standard of 13.5 Meters overall.

Note the definitions have been extracted from the City Of Melville Town Planning Scheme and any interested party should make their own enquirers to the City of Melville to satisfy themselves of current and potential permitted use and potential for redevelopment.

For further information and to discuss this rare opportunity and express your interest please call me today.

Torrin Minutillo – 0417 171 164
or email me from this page.

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We are experienced keen to look after your commercial property needs.