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Development Potential

The subject property consists of 3 vacant single storey buildings over 2 adjacent stands totalling 2974 sqm.

The improvements have been used as office space with approximately 450 sqm of gross lettable area under roof. The improvements have a combination of wooden flooring and office carpeting throughout.

Other services include a fitted kitchen, air-conditioning, generator-holding facilities and electric fencing.

Parking consists of a shaded car-port which can hold approximately 12 bays with another 5 bays covered in a garage. Further uncovered parking can be accommodated on-site.

Access to the property is via two motorised gates with direct access to both gates off Corlett Drive.

We have not undertaken a structural survey of the improvements or finishes, nor have we arranged for tests or inspections to be carried out on any of the service installations.

Development Potential

Taking into account the existing improvements the optimal use for the property relate to its development potential.

The property is currently zoned Business 4, with a maximum allowable bulk of 892 sqm (using a floor area ratio of 0.30), which is subject to a 2 storey height restriction. The property can be used for office, restaurant or residential/dwelling use.

Features

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Title:
Freehold
Zoning:
Commercial
Sizes
Floor Size
450m²
Land Size
2,974m²
Extras
The subject property consists of 3 vacant single storey buildings over 2 adjacent stands totaling 2,974m². The improvements have been used as office space.
 
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