$11,530,000 + GST IF APPLICABLE

FAQ's

1. Where is the property located? It is on the Great Eastern highway at 50 Yilgarn Avenue Northam, WA. This section of Yilgarn Avenue is between the historic center of Northam and the Great Eastern bypass, which skirts Northam on the northeast side.

2. What is the size of the property? The property is 18.26 HA. It is a single freehold title, with approximately 650 meters of frontage on Yilgarn Avenue.

3. Is the property subject to flooding or other natural perils? Most of the property is above the 100-year flood plain, and the portions below the 100-year level are just slightly lower. There are no other natural known perils that the owner is aware of.

4. What is the zoning of the land? The zoning is “light and service industry”. This apparently means light industrial and service industries. This zoning is apparently very similar to “mixed use” zoning.

5. What are some examples of use for the property? The property is suitable and zoned for most commercial uses. It is not zoned for heavy industrial uses. Examples of businesses that could use the property are bulk goods retailers (such as Bunnings, Forty Winks, Harvey Norman, etc.), automobile/truck sales and servicing, petrol or recharging stations, trucking depot, and agricultural (and other) machinery. Nearby businesses include a glass shop, concrete products, and John Deere agricultural products, Kubota equipment, etc.

6. Would there be development costs involved? It depends on the proposed use of the property. If it is subdivided, there would be all normal development costs involved, including provision of water, electricity, roads, etc. If it is used for one purpose, many of these costs could be avoided or minimized.

7. How is the property priced? The property is priced in Australian dollars. Any widely accepted currency could be used for purchase.

8. Are there any pending or actual sales of comparable property in Northam? There have been sales in recent years ranging between $AU 80 and $AU 275/ sq meter. There is a pending sale of land nearby on Old York road for $AU 170/ sq meter. Similar land in Perth would command between $AU 300-500/ sq meter.

9. What are the prospects for Northam? Northam is favorably located on both the Great Eastern Highway and the transcontinental railway line just 90kms from Perth. In recent years Northam was designated as a regional “supertown” and as such has received substantial investment. The hospital has been upgraded, most government agencies for the central wheatbelt are being located in Northam, the Department of Agriculture is expanding its presence, Bunnings, Coles and Aldi have recently opened new stores, and McDonalds and KFC have located stores in Northam (between the historic center of Northam and 50 Yilgarn property).

Because of its strategic location Northam is likely to emerge as the service and light industrial center of the Central Wheatbelt and Inland Wheatbelt Region.

10. What are the prospects for the property? The prospects are practically unlimited. The zoning, location, and characteristics of the property can accommodate practically any commercial activity. There are many rumors swirling about that there is the possibility of a major mine being developed between Northam and Goomalling. Note: This is an unsubstantiated rumor! There is a proposed 59 HA (approximate) logistics center development between the property and the recently developed ultra-modern truck stop/service station/convenience store and restaurant at the intersection of Yilgarn Ave and the /great Eastern Highway bypass.

11. Who is the owner of the property and who is their agent? The owner of the property is an American citizen and WA resident named Charles Greg Smith, and the agent representing the owner is Bob Davey of Bob Davey Real Estate in Northam.

Contact Bob Davey on 0417 946 713 today!

Property Code: 1868