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Development Opportunity in Riverhead

Riverhead, 2 Arthur Street

Contact agent for more information

Listing Number: NSC26356
About this listing
Located on the corner of Arthur and Edward Street the property has exposure to the Coatesville-Riverhead Highway,
comprising of a land area of 1647m² (more or less) makes this an ideal development opportunity.

Currently leased to as car yard and auto workshop the property has had over 25 years of uninterrupted commercial occupation and use.

- Large 1647m² site with multiple development angles
- High profile corner site providing holding rental income
- Dual street access from Arthur and Edward Street
- North facing site with flat contour
- Purchase price is GST Inclusive (vendor is not registered for GST)

For further information don't hesitate to contact the listing agent.
Property Information
  • Approx Floor Area: 130 sqm
  • Land Size: 1647 sqm
  • Tenure: Fee Simple
  • Property Type: Warehouse, Land, Retail, Tenanted Investment, Industrial Land
  • Tenancy 1: Expiry Date: 2021-11-30T00:00:00.0000000, Rental net/gross p.a.: $ 38,000 (incl GST), Review Dates: 01/12/19, Rights of Renewal: Nil, Tenant Name: Lee Wallace, Term (years): 12 years

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