Cambridge

ID CBC167754

Carters Flat - Develop or hold

To be sold at Auction - 06 September 2023, Hautapu Sports Club, 211 Victoria Street, Cambridge (unless sold prior)

2114m2 over 2 titles
1002m2 + 1112m2
400m2 workshops/offices
Holding income $41,000 approx
significant development potential

Located in the Carter's Flat Commercial Zone, 32 & 34 Gillies Street present as an exciting development opportunity in the heart of Cambridge.

32 Gillies Street is a 1002m2 vacant site, offering a range of possibilities for owner-occupiers or developers, while the neighbouring site at 34 Gillies Street is currently tenanted with holding income of $41,000.

The recent rezoning of Carter's Flat from industrial to commercial holds significant potential for substantial growth and transformation in the area. This shift in zoning is likely in the longer term to attract a diverse range of businesses, including retail outlets, offices, residential apartments, and service providers, all aiming to capitalize on the more favourable commercial environment.

Call today for more information or to arrange a viewing.
Features
Area | 400.00m2Land | 2114 m2Rates | 3,878.93LV | 1.520,000RV | 1,620,000
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Susan Davis

M  027 472 2266  P  06 834 2975

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