Prime Development Site with Holding Income

SOLD

544 Magill Road

Magill SA 5072

Development

FOR SALE

A very rare opportunity presents itself to acquire this remarkable development site situated on busy Magill Road.

Zoned Neighbourhood Centre, this 929sqm site with 2 street frontages, front and side, has the potential to be redeveloped (subject to necessary consents).

The character bank building currently on the site is securely tenanted by Westpac until October 2017 providing holding income throughout development planning stages.

Strong interest is expected from developers looking to immediately capitalise or securely land bank for future redevelopment.

The property is to be sold by Expression of Interest closing Friday 2 September 2016 at 5.00pm.

Romualdo Cicchiello - 0412 710 348

RLA: 231 015