THE PROPERTY DEVELOPMENT REVIEW
ATTENTION INVESTORS & DEVELOPERS
FOR SALE BY AUCTION: Blocks 1, 2 & 3, Section 48 Macquarie ACT
Short Walk to Jamison P Canberra High School 2.5km* to UC & Calvary 3km* to Westfield Belco
3 adjoining blocks for sale as a single lot ‘in-one-line’ Group Centre location with CZ3 Zoning
Combined NLA of 901sqm* & land area of 1,718sqm* Significant frontage to Bowman Street & Lawry Place 100 % leased to 8 long-standing tenants providing holding income Passing NET income of $300,000pa* Rents increasing annually in line with CPI & all tenants pay increases in rates AUCTION ON-SITE: 11.00am, Wednesday 10th April 2024
SUPERIOR CORNER SITE - ZONED LIGHT INDUSTRIAL
Mark Nicholls 0417 239 551 mark.nicholls@canber
• Comprises 7,495m 2 of vacant land zoned “Light Industrial”. • Approximately 117 metres frontage to Cherokee Drive, over 67 metres facing Cessna Way, plus over 15 metres splayed corner frontage. • Provides many development options for single or multiple occupiers in an area where demand continues to surge. • Offers considered for the whole site or individual titles.
7-9 CHEROKEE DRIVE, CAMBRIDGE, TAS 7170 • 7,495m 2 on 2 titles • Gateway position in Major New Estate • Commanding corner position at the entrance to the booming 62 lot Airport Industrial Estate. • Within the thriving Cambridge industrial-commercial precinct, the property is nearby leading local and national occupiers, and adjacent Cambridge Aerodrome. • Nearby businesses include Hydro Tas, Par Avion, Helicopter Resources, Veolia, Reece Civil, Bidfood, Tasnetworks, Juicy Isle and The Cambridge Centre incorporating Harvey Norman. • Easy access to Kennedy Drive and the Tasman Highway. Approximately 15 minutes from Hobart CBD and 5 minutes to Hobart International Airport. Raine & Horne Commercial Canberra
Local Knowledge & Nation
For more in formation contact: Leslie Simpson 0419 339 826
April / May 2024 – 139
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