High Exposure Landholding in Key Commercial Corridor

215 Great Eastern Highway, Belmont, Western Australia 6104

Land / Land For Sale

Auction. Date 14 Dec 2017
Land Area: 5,834.00 m2.    Floor Areas: 442.00 m2 to 7,878.00 m2.    

Description

Colliers International, as the exclusive selling agent, is offering to the market a large scale development site at 215-223 Great Eastern Highway.

The property is for sale via Public Auction, which will be held onsite at 11am on 14th December 2017.

The property is an amalgamation of seven properties with a combined area of 7,878 sq m.

The ‘Mixed Business’ zoning of the site allows for a variety of uses including commercial, residential, retail and mixed use developments.

This site is ideally located on the southern alignment of main arterial road, Great Eastern Highway, between the Perth CBD (5.5km) and the Perth Airport (3.5km).
It also benefits from its ease of access to attractions including the Perth Stadium, the Crown Entertainment Precinct, the Swan River, Ascot Racecourse and the Swan Valley.

On average, it is estimated that approximately 60,000 cars travel past this location on a typical weekday.

The property is well-exposed to this traffic, with frontages to three streets and a total frontage of over 260 metres. Vehicular access is from Belgravia Street or Hargreaves Street.

Great Eastern Highway frontage: 87 metres
Belgravia Street frontage: 87 metres
Hargreaves Street frontage: 95 metres

Zoning: The land is Zoned ‘Mixed-Use’ as defined under the City of Belmont Town Planning Scheme.

Development Approval: There is a DA in place for Mixed Use Development in four buildings, including a 240 room hotel, 124 apartments, a convenience store, fast food, a lunch bar and consulting rooms.

Improvements: The asset also includes a number of commercial and industrial buildings that may be suitable for re-use.

The properties include 7-9 Belgravia Street, 215, 223 & 223A Great Eastern Highway, Belmont, 22-24 Hargreaves Street, Belmont and are to be auctioned as a single lot of 7,878 sq m.

Method of Sale: Public Auction to be held onsite 11am on 14th December 2017.

An information memorandum and further due diligence information is available upon request.

Auction conditions will not be read at the auction but are available from Colliers International.

Please contact Tory Packer on 0434 659 909 for further information.

Features

  • Large Landholding 7,878sq m
  • Zoned Mixed Business
  • Triple Street Frontage
  • DA for High-Density Mixed-Use Project

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