482 Bunnerong Road

Matraville NSW 2036

Development Site

Currently for sale - view listing

Overview

PRIME DA APPROVED MIXED-USE DEVELOPMENT OPPORTUNITY 11 APARTMENTS + 2 COMMERCIAL & PARKING. NO BASEMENT LEVELS!

Rare recently approved boutique Mixed-Use Development Construction Ready, in Sydney's tightly held Eastern Suburbs. Positioned within the evolving Matraville town centre precinct, presenting a highly compelling opportunity to acquire a DA approved residential/commercial mix use development comprising 11 apartments, 2 commercial suites and ground-floor parking with no basement levels. The project presents an exciting, shovel-ready opportunity that can proceed directly to construction, delivering a highly marketable end product. Site Area - 443.5 sqm Frontage - 13.57 metres Total GFA - 897.55 sqm Residential GFA - 795.20 sqm Commercial GFA - 102.35 sqm Residential Yield - 11 Apartments Commercial Yield - 2 Suites Ground Parking - x9 parking (no basement excavation) Build cost - 4.1mill approx (QS report available) Built value - 13.5m-14m approx 482 Bunnerong Road represents a rare opportunity to secure a DA-approved boutique apartment development site with planning certainty, a deliverable scale and direct exposure to one of the city's strongest long-term residential demand corridors. Positioned within the Matraville Town Centre renewal precinct, directly opposite Peninsula Village Shopping Centre , the site benefits from immediate access to retail, transport, employment hubs, Sydney Airport, Port Botany and the beaches of Sydney's Eastern suburbs. Agent interest.