Owner-Occupy, Invest, Develop - Cleveland Freehold Opportunity

Ray White Commercial Bayside is delighted to offer for Sale via Expressions of Interest, 113 Russell Street, Cleveland.

The property is a 911sqm* 'Principal Centre' zoned allotment located on a high profile corner at the southern end of Cleveland's CBD. Currently developed to provide a mix of buildings/accommodation, the site has been predominantly used as a workshop for more than fifty (50) years. The structures are in good condition and provide a suitable level of accommodation for similar workshop or warehouse uses in the immediate term.

The 'Principal Centre' zoning allows for a broad range of uses with future development of stand alone commercial, mixed use and higher density residential projects to a maximum of fourteen (14) metres in height.

Features include:

- Existing buildings provide circa 187sqm* of GFA + awning area of approximately 148sqm*
- Large sealed hardstand
- Fenced rear yard area
- Self-contained amenities

The property is offered for sale with a 'lease back' to the Seller's trading business (current occupier) for a period of up to twelve (12) months post settlement.

For all enquiries, please contact exclusive agent, Nathan Moore on 0413 879 428.

*Approximately

This property is being sold without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

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