Con­tam­i­nated sites of­fer ‘op­por­tu­nity’

Southern Telegraph - - NEWS -

Ex­pres­sions of in­ter­est are be­ing sought for two sub­stan­tial land as­sets on the con­tam­i­nated sites register in Wat­tleup.

The op­por­tu­ni­ties are be­ing mar­keted and sold by Ray White Com­mer­cial un­der in­struc­tions of the liq­uida­tor, Av­ior Con­sult­ing.

Ray White’s En­rique Reyes said the as­sets would ap­peal specif­i­cally to buy­ers who have ex­pe­ri­ence with sites that are con­tam­i­nated and un­der­stand the re­me­di­a­tion re­quire­ments.

“Con­tam­i­nated sites will put some peo­ple off, but for as­tute investors and builders, they’ll re­alise this is an op­por­tu­nity with tremen­dous up­side,” he said.

“We un­der­stand that con­tam­i­nated sites are more dif­fi­cult, but the com­bi­na­tion of a liq­uida­tor sale and the state of the land, pro­vides a rare op­por­tu­nity for af­ford­able de­vel­op­ment.

“What we’re talk­ing about here, is pure po­ten­tial for the fu­ture and the large de­vel­op­ment sites be­ing in the Lat­i­tude 32 In­dus­trial Precinct, is a real bonus.” Ex­pres­sions of in­ter­est close on April 10.

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