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The list of options to purchase this excellent property include the following-
Purchase the whole package and reap the benefits of the business, rental and storage facilities, plus the strong potential to subdivide in the future.
Purchase the storage business only and enjoy outstanding returns for a number of years.
Purchase the property and potentially develop a commercial area to take advantage of the location when the roading updates come to fruition.
Purchase the whole package and enjoy a lifestyle property with good income streams.
Rare opportunities like this seldom arise in such a bustling and sought-after location in Bell Block. Situated on Airport Drive, this property holds an advantageous position that will greatly benefit from the forthcoming realignment of Airport Drive and Devon Road. As time progresses, this site will gain access to three street frontages, ensuring remarkable visibility for any owner or business.
In the very near future ,a new roundabout will be constructed, offering excellent accessibility to the site and placing it in a prime position to capture the attention of passing traffic. Currently, there is a thriving storage business on the premises, comprising 26 units and 12 motor-home parks. With an approximate occupancy rate of 90%, this business generates impressive income with minimal effort. The site is fully secured with an excellent security system and fence, and extensive landscaping has been meticulously carried out, enhancing its overall aesthetics.
Additionally, a well-maintained 3-bedroom house is included on the property. It boasts recent upgrades such as a new kitchen, updated bathroom, fresh tiling in the entrance and kitchen areas, a spacious 2-car garage, a large lounge area, and a sunny deck leading to a spa pool.
This unique package offers a wide range of options for potential buyers. It can serve as a residential home with income-generating potential or be transformed into a brand-new development, taking full advantage of the area's high profile and substantial volume of traffic. Furthermore, being situated in the NPDC designated Special Purpose Future Urban Zone, the zoning permits both residential and supportive commercial developments.
The owners are prepared to consider all options that are presented.
All developers and investors with vision, should inspect.
The property is offered by way of expressions of interest over $1.9m by 4pm on the 9th of February 2024.
For comprehensive information and details, please don't hesitate to contact us today.