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RWC  - WA

33 & 39 Prindiville Drive Wangara, WA 6065

33 & 39 Prindiville Drive,
Wangara, WA 6065

Development Sites & Land • Shops & Retail • Warehouse, Factory & Industrial

Price information

Sale - Expression of Interest

EOI closed

Detailed listing

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Versatile Supersite - Strong Income

  • 33,505sqm* supersite or 2 smaller sites
  • New zoning with versatile land uses
  • Significant cashflow
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 1...
brett.wilkins@raywhite.com

Michael Milne
Senior Advisor, Capital Markets | RWC WA
0403 466 6...
michael.milne@raywhite.com

*Approximately

Additional information

Property ID: 504516980Last Updated: 2 Apr 2024

RWC - WA

12-14 The Esplanade
PERTH, WA 6000
RWC  - WA
33 & 39 Prindiville Drive
Wangara, WA 6065

Detailed listing

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