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Independent Licenced Real Estate Agent 07) 5594 1282 or 0403 050 255 or 0432 931 337 Fax 07) 5594 1292

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E: terrymcmiles@bigpond.com W: www.terrymcmiles.com

Home Office : 52 Hickey Way Carrara QLD Gold Coast  4211

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717 to 727 Canterbury Road Belmore (Cnr of Burwood Road) Sydney Development site . . . seeking expressions of interest The property is just under 2 acres, a unique "one off" future development site of 7458 square metres with frontages to Canterbury Road & Burwood Road plus a 12.29 metre access frontage to Drummond Lane giving maximum flexibility for development design.  The site surrounds a small electricity substation on Burwood Road.  The site is quite well known due to the major anchor tenant Tradelink occupying the tenancy fronting Canterbury & Burwood Rds.  Zoning is currently 4a light industrial but the site is subject to a pending rezoning as part of selected properties along Canterbury Road where Council believes that current zoning is no longer suitable for the demographics of the area as they have evolved over time.

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The new plan was expected to be in place by 2006, but now is expected to be released to the Public in 2008. We believe  that it will allow for some  Residential development over employment generating commercial . The site is within minutes walk of Belmore Railway Station, is in an elevated position which will afford City skyline views for the residences.

In anticipation of the rezoning tenancies have been allowed to expire with the exception of two which both include a demolition clause in their lease renewals. The current monthly income is around $30,000 and will help to defray holding costs whilst waiting on rezoning and plan lodgement for DA. As of Feb 2008 there is not yet a clear  indication of site coverage & density of allowable development.  The site is being  offered for sale "as is" through an expressions of interest campaign seeking offers between $1,000 and $1,250 per square metre (between $7,500,000 and $9,325,000) but all offers will be considered. All prices exclusive of GST (liability for gst is additional and payable by the purchaser) The Potential: The recently relased State Government South Subregion draft Subregional strategy indicates that the State Govt is keen to retain & enhance employment opportunities in Enterprise corridors. This could come from retail (non fashion), offices, business & commercial. Council are expected to soon release their vision for this site and surrounding property and we believe that it will include employment creating development with provision also for a residential component. There would appear to be demand in the area for 2, 3 & 4 bedroom Apartments with prices in the nearby suburb of Campsie fetching $300,000 to $500,000. The M1 Freeway is just a few minutes away and with this convenience, plus the Rail and the elevated hilltop position, one would be hardpressed to come up with a superior large scale development site. This is indeed a unique "one off" opportunity for a landmark development. Contact Terry on 0432 931 337 or 07) 5594 1282 for any queries and further information.