Expressions of Interest
RWC WA is privileged to present for sale two adjacent properties that combine to form a strategic supersite combined with a strong net income stream.
Bids will be considered for these properties separately or 'in one line' combined!
The integrated site of 3.35ha* comprises Wanneroo Markets (2.3ha*) and Spudshed Wanneroo (1.05ha*) that occupies a strong strategic position with a new favourable planning framework with expand land uses.
This offering comes with combined NET INCOME close to $1,200,000pa (rounded) which the sellers are prepared to underpin, you don't have to manage the markets!
Recent zoning amendments now provides an ideal opportunity to progress large scale redevelopment with superior use options (STCA) and the amalgamation of these properties provides enhanced development synergies with multiple street fronts and rationalisation of cross easements.
Ideal land uses for future redevelopment now potentially include (STCA);
• Retail & Supermarket (6,700sqm)
• Fast Food Outlets
• Liquor Store (Small & Large)
• Tavern & Brewery
• Bulky Goods Showrooms
• Hardware
• Warehouse & Storage
• Light Industry,
• Medical Centre
• Office
• Childcare
• Education
The central strategic position has a strong population catchment of approximately 150,000 people in established surrounding suburbs. Immediately to the north the Western Australian Government recently approved the East Wanneroo District Structure Plan for the development of more than 8,300 hectares to include 150,000 residents, 50,000 homes and 20,000 jobs.
The undeniable income stream will surprise and delight:
• Wanneroo Markets comes with a significant established income with fixed tenancies and long term stallholders (redevelopment clauses in place)
• Spudshed Wanneroo comes as a single consolidated tenancy with a fixed rental income
• As a part of the sale process the sellers shall provide guaranteed income so you do not have to operate the markets and you can get your development ready
To obtain a detailed Information Memorandum (IM) simply press ENQUIRE via this website and follow the links.
Proudly presented for sale by RWC WA as exclusive selling agents Brett Wilkins & Michael Milne:
Brett Wilkins
Director, Capital Markets | RWC WA
0478 611 168
brett.wilkins@raywhite.com
Michael Milne
Senior Advisor, Capital Markets | RWC WA
0403 466 603
michael.milne@raywhite.com
*Approximately
Remember to mention you found this property on DevelopmentReady
