575 President Avenue, Sutherland

Commercial Sale $4,500,000

Commercial Sale

575 President Avenue, Sutherland

IDEAL VALUE ADD OR DEVELOPMENT OPPORTUNITY TO BE SOLD AS A GOING CONCERN IN THE HEART OF SUTHERLAND’S SHOPPING PRECINCT 

Features:

  • Situated on 582m2 of land
  • FSR 3.5:1 | 2037 sqm GFA allowed
  • Width 12.2m length 47.75 metres
  • Height limit 30 metres
  • Zoning: B3 Commercial Core
  • Local council: Sutherland shire Council
  • Valuable rear lane access via Boyle Lane
  • Current site accommodates 3 commercial lettings
  • Current GAR $92K gross
  • Concept plans available for Option 1 – 56 room boarding house apartments, Option 2 – 28 apartments & Option 3 – 32 apartments (STCA)
  • A total of 10 car spaces via Boyle Lane and President Avenue
  • Circa 1950’s construction
  • Stroll to Sutherland train station (main line) & major bus hub
  • On the door step to major shops, hotels, clubs and eateries
  • An excellent opportunity to take advantage of the zoning and height limit on offer

 “Ideal value add or development opportunity in the heart of Sutherland’s shopping precinct”

575 President Avenue, Sutherland, NSW 2232 Australia
Send an inquiry to the agent