258 Kingsway

Caringbah NSW 2229

904.2 m²

House

Currently for sale - view listing

Overview

Unlock the Potential of Caringbah's Next Development Opportunity

Positioned in one of the Sutherland Shire's key growth precincts, this exceptional 904.2sqm (approx.) R3 Medium Density Residential site presents a rare opportunity to secure a potential apartment development site within approximately 400 metres of the Caringbah Town Centre boundary. Eligible for the planning controls available under the NSW Government's Low and Mid-Rise Housing Policy (S.T.C.A.), this outstanding corner site offers exciting redevelopment potential in a highly sought-after location, just moments from Caringbah Station, shops and essential amenities. Property Highlights: - Generous 904.2sqm (approx.) level corner site with significant redevelopment potential. - Currently zoned R3 Medium Density Residential. - *Potential Floor Space Ratio (FSR) of up to 2.2:1 - *Potential building height of up to 22 metres (approximately six storeys). - Positioned within approximately 400 metres of the Caringbah Town Centre boundary. - Potential development controls under the NSW Low and Mid-Rise Housing Policy (S.T.C.A.). - Prominent corner site offering exceptional design flexibility and development potential (S.T.C.A.). - Existing improvements provide potential holding income while future plans are considered. - Walking distance to Caringbah Railway Station, shopping precinct, cafés and restaurants. - Convenient access to schools, medical facilities and major transport links. - A rare opportunity to secure a medium-sized development site in one of the Sutherland Shire's fastest evolving residential precincts. - Plentiful off-street parking and unrestricted street parking. Additional Information: - Potential Low & Mid-Rise Housing Policy benefits apply, subject to confirmation & all relevant approvals. - Purchasers should rely on their own enquiries & independent planning advice regarding development potential. - Currently generating rental income with tenants occupying under a periodic lease. Location Highlights: - Approximately 400m to the Caringbah Town Centre boundary * - 11-minute walk to Caringbah Railway Station. - 3-minute drive to Caringbah Shopping Village & Woolworths. - 4-minute drive to Sutherland Hospital and Kareena Hospital. - 6-minute drive to Cronulla Beaches and cafes. - Conveniently positioned close to quality public and private schools. * Development potential, planning controls and applicable floor space ratio and height limits are subject to the NSW Low and Mid-Rise Housing Policy, Sutherland Shire Council requirements and all relevant statutory approvals. Purchasers should undertake their own due diligence and seek independent planning advice.