Rare CBD development site with holding income

Description

Burgess Rawson are pleased to bring to market via Expressions of Interest the once in a 30+ year opportunity to purchase 172 Crawford Street, Queanbeyan.

Queanbeyan is a booming town located only minutes from the Canberra boarder and 9kms to Canberra Airport. The Queanbeyan Palerang Region is experiencing substantial growth with the population forecast to increase some 30.17% by 2041.*

172 Crawford Street is in the centre of Queanbeyan, within a short walking distance to major retail outlets, shopping centres, medical hubs and close proximity to Queanbeyan Hospital.

The subject site is a 472 sqm rectangular fully fenced car park containing 19 parks with an awning providing cover to 14 of the parks. There is dual access from both Crawford Street and Sheedy Lane.

Currently leased to NSW Government the site presents itself perfectly for future development with a holding income ensuring you don’t miss out while you get all planning and approvals in place.

E2 Commercial Centre Zoning:
Allowable uses (STCA) include but are not limited to:
– Hotel or motel accommodation
– Artisan food and drink industries
– Veterinary hospitals
– Shop top housing
– Backpackers’ accommodation
– Boarding houses
– Centre-based child care facilities
– Commercial premises
– Hotel or motel accommodation
– Places of public worship

Key Highlights:
– 472 sqm site
– E2 Commercial Centre Zoning
– Wide Range of uses
– Dual Access
– 20m height limit (STCA)

Lease Details
Lessee: Property NSW
Term: 5 years until 30th Nov 2027
Increases: 4% fixed
Options: Nil
Net Income: $29,782.35 pa + GST

For more information please call James Baker on 0421 863 040 or Guy Randell 0430 272 999
* as provided by forecast.id.com.au

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Contact agents
James Baker Associate Director - Sales & Leasing
0421 863 040
Guy Randell Managing Director ACT
0430 272 999
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QUEANBEYAN, NSW

172 Crawford Street

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