|
Description: 10 Michel Street, Lowood offers a fully approved, design-complete commercial development with the ability to progress directly into construction.
For developers and investors, this is a low-friction project; planning risk removed, design resolved, and a clear end product aligned to proven service-based demand.
Key Development Parameters (Approved Scheme)
• Site Area: 1,012m²
• Zoning: Commercial
• Approved GFA: 409m²*
• Approved Car Parking: 16 bays
• Approved Configuration:
- Gymnasium: 337m²
- Café: 22m²
- Retail / Shop / Laundromat: 50m²
• Position: High-profile corner site
*All areas, uses and parking relate to the approved development scheme and are not currently constructed.
What You're Buying
• DA-approved commercial scheme with completed design work
• Existing retail shop providing holding income and site utility
• A project that can transition immediately toward build phase
This is a delivery play, not a planning exercise.
Development Positioning
Speed to Delivery
• No DA process
• No use uncertainty
• Design already resolved
• Compressed timeline from acquisition to construction
Leasing Logic Built In
• Gym = anchor tenancy with repeat usage
• Café = traffic generator
• Retail / service = non-discretionary spend
• Tenant mix aligned to real demand, not theory
Functional End Product
• On-site parking (approved)
• Practical tenancy sizing
• Corner exposure supporting visibility and access
• Designed for leasing, not redesign
Market Drivers
• Growing residential and rural catchment throughout the Somerset region
• Low supply of modern, purpose-built commercial space in Lowood
• Demand centred on convenience, service, and lifestyle-based uses
• Strong reliance on local service hubs rather than major retail centres
This is the type of market where well-configured, service-based assets lease and hold.
End-Use Optionality
Build-to-Hold (Investor / Syndicate)
• Multi-tenancy income stream
• Diversified tenant profile
• Asset suited to long-term hold in an undersupplied market
Build-to-Sell (Developer)
• Clear product with defined use
• Broad buyer appeal (investors + owner-occupiers)
• Simplified exit due to practical configuration
Owner-Occupier
• Ability to construct and occupy core tenancy
• Lease remaining areas to offset costs
• Control over design, branding, and long-term occupancy
Investment Logic
• Approval + design complete = reduced execution risk
• Defined scheme = clear feasibility modelling
• Service-based mix = leasing resilience
• Corner exposure + parking = tenant-ready outcome
This is a straightforward project with fewer variables, allowing focus on delivery and return.
The Commercial Takeaway
• DA approved commercial development scheme
• Design completed, move toward construction immediately
• High-exposure corner site
• Proven tenancy mix aligned to local demand
• Flexible exit: hold, sell, or occupy
For Sale
10 Michel Street, Lowood is a build-ready commercial development opportunity; approved, designed, and positioned for execution
Please call John Galloway on 0409 776 737 and Abraham Sammut on 0411 399 389
|
