Development with Holding Income

12 Gylde Court is located on the sought after southern side of Malaga and occupies an ideal position for future development opposite Reid Highway.

The property is currently occupied by Telstra as a telephone exchange. It will be sold subject to a new 12 month lease with 6 month option, allowing the buyer plenty of time to design and prepare for a new build to take full advantage of the location and highway exposure.

The block is approximately 1,134 sqm, rectangular and relatively flat with a 20m frontage to Glyde Court. There is a 3.5m wide drainage easement that extends along the rear boundary. The land is zoned ‘General Industrial’ by the City of Swan.

The property is being offered For Sale by Expressions of Interest closing 4pm Thursday, 5 December 2024.