DEVELOPMENT OPPORTUNITY IN SUTHERLAND

575 President Ave, Sutherland NSW 2232, Australia
    For Sale$4,500,000/+ GST
    • Description
    • Details
    • Inspections

    Description

    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”

    Detail

    Updated on June 5, 2018 at 5:26 pm

    • Price: For Sale $4,500,000/+ GST
    • Land Size: 582 m²
    • Property Type: Development Site, Retail
    • Property Status: Commercial Sales

    Property Documents

    • 575 President Avenue Sutherland-brochure

    Inspection:

    As Advertised or by Appointment