A BLOCK of land on Lake Albert Road that has been vacant for almost 20 years could soon be in line for a $2.4 million makeover.
A development application has been lodged with Wagga City Council for a 10-unit complex on the one hectare block.
The plans include seven self-storage units and three commercial buildings, which could eventually house up to 25 commercial tenants.
Greg Howick, of Fitzpatricks Real Estate and the agent acting on behalf of developers Fetesi Pty Ltd, said that if the plans do get through council, the project could be completed in mid-2023.
Mr Howick said that while no tenants have been lined up, there have been expressions of interest and there is "an open book" on the type of tenants they would like to attract.
"We're expecting a bit of a mix of office and retail," he said.
The commercial spaces are not being developed as strata units and spaces for rent can be varied in size, Mr Howick said.
"The [units] along Lake Albert Road are obviously for prime retail use," he said. "The units to the rear of the development are more of your industrial retail-type use.
"It's a pretty substantial investment by local developers ... when someone invests in a city the size of Wagga, it means they've got confidence in the city."
The land was originally owned by the Murrumbidgee Co-operative Dairy Company Limited and bought by the Shell Company of Australia in 1925, according to the application.
The site then acted as a bulk oil depot and service station until 2003. A spell of remediation accounts for the long period of time the land lay idle.
The application comes as Fetesi also look to complete works on a $5 million development of 23 commercial units on Fernleigh Road, Glenfield Park.
If the application is successful, it will sit opposite the Lake Road Veterinary Hospital currently under construction.
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