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

Property ID: DET-5006
Price: For Sale $4,500,000&#47;+ GST
Land Size: 582 m²
Property Type: Development Site, Retail
Property Status: Commercial Sales

Commercial Sales

575 President Ave, Sutherland NSW 2232, Australia

For Sale$4,500,000/+ GST

Commercial Sales

Description

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