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74-76 Cottrell Street, Werribee

Sold on 4th May 2016

High Exposure Corner Development Site (4,000m2)

Located on the north side of Wyndham Park and Werribee River this site is within the recently re-zoned Wyndham Park North Precinct. Concept plans show a mixture of ground floor retail, first floor office space and high density residential apartments. Current improvements include an existing brick warehouse and associated shedding.

Gross Area - 4,000 m2

Zoning - Werribee Activity Centre Zone 1. The site forms a part of the approved Werribee City Centre Structure Plan and is located in the Wyndham Park North Precinct.

Height Limits - Height and design requirements for the precinct specify a preferred maximum build height of 7 storeys (25.5m) and a minimum building height of 2 storeys (8m)

Development Potential - Preliminary yield analysis indicates a net developable area of 14,441 m2 including 2,479 m2 of ground floor commercial/ retail space.

Initial planning analysis shows proposed area schedules as follows:
- 106 residential apartments
- 2,126 m2 ground floor retail
- 2,915 m2 first floor office space
- 304 m2 restaurant
- 49m2 cafe

This gateway development site provides multiple opportunities to create a mixed use residential apartment development overlooking the Werribee River and parklands.

* Displayed price is Excluding GST

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