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Independent Licenced Real Estate Agent 07) 5594 0016 or 0403 050 255 Fax 07) 5594 0034

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

Home Office : 1/6 Buddy Holly Close Parkwood QLD Gold Coast  4214

About Terry

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 to 3A general business 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 draft plan was expected to be in place some time ago, but was put to Council only on 11th November 2010, & the decision for it to be released to the Public was deferred. . The site is within minutes walk of Belmore Railway Station, is in an elevated position which will afford City skyline views for the higher floors. This particular site,is very much "the key site" for the preferred re-development that Council wishes to see.

In anticipation of the rezoning, tenancies have been allowed to expire with the exception of two or three  include a demolition clause in their lease renewals. The current monthly income is over $38,000 and will help to defray holding costs whilst waiting on rezoning and plan lodgement for DA. There is not yet a clear  indication of site coverage & density of allowable development but the new zoning will allow for development from at least 3 to 5 stories.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  State Government South draft Subregional strategy indicates that the State Govt is keen to retain & enhance employment opportunities in Enterprise corridors. This could come from retail, offices, business & commercial. Council's proposed 3A zoning for this site and 3A & 2C (residential) for  surrounding property indicate their vision for an Urban Centre/Urban Core which they believe will include employment creating development with provision also for a residential component all within walking distance of Rail Transport. The Council want Canterbury Road to be 2 lanes each way with further provision for streetside parking for this neighbourhood centre. This would mean an encroachment on existing footpaths. The RTA have so far been reluctant to agree to this as they are concerned that street parking would impede traffic flow.  However, Councils 2 lanes each way plus parking appears to address this insofar as this section of Canterbury Road is concerned. 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 0403 050 255 or 07) 5594 0016  for further information.

Note as at end of November 2011: Currently under option and therefore tied up for the next few months. Should you wish to be informed of the currency of the option at any particular time, please contact EXCLUSIVE SALES AGENT, and Managing Agent Terry McMiles by phone or email. Details above.