A prime development opportunity for two adjacent freehold sites along a busy thoroughfare has been launched to the market.
Ray White Commercial Northern Corridor Group markets for sale the former food and entertainment center, 403-407 Elizabeth Avenue, Kippa-Ring.
Located 18 minutes from the rapidly growing Northern Lakes, the 13,093 m² site consists of three buildings including two drive-through buildings and a once bustling bowling alley, creating a total area of 2,472 square meters.
The suburban neighborhood zoned site has a large car park offering 86 parking lots and a 140m wide, highly exposed street frontage leading to Elizabeth Avenue. This exhibition includes three access aisles.
Ray White Commercial Northern Corridor Group commercial director and chief commercial officer Chris Massie said the site is one of the strongest sites for potential development.
“The two existing drive-thru sites will be a clear asset for value-added developers to generate immediate revenue while they reposition the main building,” said Massie.
“Due to the proximity of this site to the Kippa-Ring station and the Kippa-Ring State School, the development has the ability to serve a daily transport patronage of 2,000 people traveling there and on the way back, as well as capturing the attention of more than 30,000 daily vehicle movements. “