5 Cottrell Street

Positioned in one of Werribee's most central locations is this rare opportunity to secure a prime piece of Real Estate. A Location that is now considered Werribee's most promising re-development leading the Municipality towards becoming the capital of Melbourne's Western Corridor. Oozing with potential this impressive 954sqm (Approx.) allotment is nestled within the heart of the Activity Zone (precinct 5B) Which surrounds the Werribee CBD and allows the lucky purchaser to develop this site with potential of up to five (5) storeys (18.5m) with mixed use of both commercial and residential purpose (STCA). Sitting upon a dual title this property is currently occupied by two existing dwellings which are both leased at a combined monthly return of $3,172.00 per calendar month with a long-term secure tenancy in place. Positioned with 400 meters to Werribee Train Station, Watton street and only a short distance to Werribee River, Wyndham Park re-development and direct freeway access both Melbourne and Geelong bound. With recent high-rise properties both completed and under construction within Cottrell Street and the surrounding activity zone, Werribee is already starting its transition in establishing itself as Melbourne's go to for economic, cultural and environmental excellence in the West. Be part of the vision and secure yourself one of Werribee most prized properties currently on offer. Call to enquire today!!