Held Tight

The owners have finally loosened their grip on this tightly held asset and are offering 6 and 8 Kearns Crescent for sale after many long years of proprietorship.<br/>A jewel in the crown that is known as the Riseley Frame, 6-8 Kearns Crescent are at the heart of this thriving residential and commercial village.<br/><br/>The properties will be sold together because of the significant increase in construction yield when finally developed.<br/>There are two well maintained buildings on the land, both with leases that are due to expire in approximately 18 months.<br/>Whoever buys 6 and 8 Kearns Crescent may not want to redevelop straight away and the current tenants maybe open to a new or extended lease.<br/>Developers wont need to look very far to work through their feasibility.<br/><br/>The recently completed Matheson development at 22-24 Kearns Crescent and now with Eden on Riseley nearing completion, the area is a proven performer for apartment sales with both developments being hugely successful.<br/><br/>Significantly, 6-8 Kearns Crescent have laneway access at the rear which provides for a myriad utilisation and design options when it comes to redevelopment.<br/><br/>Salt Property Group are proud to present this brilliant opportunity to secure a prime development site within the Riseley Centre Structure Plan. <br/><br/>Features include:<br/>- 1,607sqm of land<br/>- Two commercial buildings on two separate titles<br/>- Develop now or landbank for the future<br/>- Stunning views from mid to upper level apartments<br/>- High density residential in commercial retail stronghold <br/><br/>To obtain architecturally designed concept plans for this site, please contact Glen O'Brien on 0418 923 123<br/>Also available to view by appointment.<br/><br/>