Capitalise on a tightly held, high-yield asset with compelling capital growth upside in the heart of Caringbah. Set on a rare, near-level 626sqm parcel, this exceptional landholding is distinguished by its highly sought-after dual street frontage to Glassop Street unlocking outstanding flexibility to either land-bank a renovated, income producing residence or advance immediately toward a high-value redevelopment.
Offering a clean, highly accessible footprint, the site is ideally suited to a two-lot subdivision (STCA), enabling the creation of two separately addressed dwellings tailored to strong owner-occupier and resale demand. The dual-access configuration significantly enhances design efficiency and end value potential, positioning this opportunity well above typical offerings in the area.
The existing residence provides immediate liveability and rental return, comprising a recently renovated four-bedroom home with multiple living areas. For the astute developer or investor, the groundwork has already been established, with plans available for a secondary four / five-bedroom dwelling at the rear. Whether you elect to proceed with the current vision or pursue a broader redevelopment to fully leverage the site's dual street frontage, this is a strategic acquisition delivering both short term income security and substantial long-term upside.
Features:
- Rare, near-level 626sqm landholding in a tightly held Caringbah locale
- Highly sought-after dual street fronting Glassop Street providing access from both ends
- R2 Low Density Residential zoning, ideal for premium residential development
- Strong potential to subdivide into two lot subdivision (STCA)
- Existing architectural drawings available for potential dual-occupancy Torrens title development (STCA)
- Recently renovated, move-in-ready home offering immediate rental income
- Four generous bedrooms with built-in wardrobes
- Sunlit swimming pool, level backyard, carport, shed, and ample off-street parking
- Conveniently located within walking distance to Caringbah Station, shops, and schools
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