Miranda CBD Core Site – Develop or Occupy – 737m²
9-11 Penprase Lane, Miranda
Price: Contact Agent

CPG is pleased to present 9-11 Penprase Lane, Miranda for sale, comprising two adjoining parcels of land totaling 737m²*. The asset is situated on a laneway between Kiora Road and Central Road. Being moments away from Westfield Miranda and within walking distance to Miranda Train Station, this location is highly sought after by owner-occupiers and developers alike. The zoning is E2 Commercial Centre, allowing for a variety of uses including Child Care, Commercial Premises, Medical Centres, Backpacker Accommodation, Places of Public Worship, and Vehicle Repair Stations, among others.

The zoning permits a 2:1 Floor Space Ratio along with a 25m building height limit. The asset is ripe for redevelopment to maximise its potential, or alternatively, it could continue to be utilized as a vehicle repair station. Ultimately, it offers a blank canvas for the new owner to determine the best use, given its prime location within the Miranda Central Business Area. It is important to note that all development is subject to council approval.

Property Highlights

• Large site area of 737m²*
• Prime commercial core location
• Moments to Westfield and Miranda Train Station
• E2 Commercial Centre zoning
• 2:1 Floor Space Ratio
• 25m Building Hight Limit
• Occupy or redevelop (subject to council approval)
• Accessed via Kiora Road through to Central Road

For further information or to arrange an inspection, please contact the exclusive selling agents on their details below.

Hayden Bennett
M: 0477 665 455
E: haydenb@commercial.net.au

Nathan Gray
M: 0467 947 215
E: nathang@commercial.net.au

*Approximate