The land parcel being offered for sale provides an exciting opportunity to create a long overdue, fresh state of the art industrial park to service the Margaret River region. Situated on the newly created bypass road and only 5 kms from the CBD of Margaret River, it provides excellent unimpeded access for service vehicles. It is fully approved for Industrial subdivision, including a mixture of General/Light and Buffer Industry uses.
Demand for Industrial land in Margaret River has been developing over recent years as ownership of the current Light Industrial Area lots are tightly held and vacant lots rarely come on to the market.
Approval has recently been granted to create 71 new lots at an average size of 2,640m2, which should supply the local industrial market with an ongoing supply over the next 5 10 years.
In this respect, underlying demand would indicate the initial stages of the subdivision will be well received with the opportunity to land bank future supply and progressively release to the market as demand warrants.
The property is also registered on the Water Corporation WIP funding program for the extension of the reticulated water distribution main from John Archibald Drive south along the Perimeter Road to the subject property. This will result in a cost reimbursement for these works of approximately $850,000 subject to finalisation of the scoping works report with Water Corporation.
The current owners are proposing to sell the lot on an englobo basis but will also consider a joint development option.
Access to an online data room containing all of the relevant documents pertaining to this property and further information can be obtained by contacting Barry Granville directly on 0407 572 937.
