An outstanding and rare opportunity presents itself to acquire a substantial high-density residential development site in one of the Sutherland Shire's most vibrant and growing precincts. Comprising two adjoining near level sites and offered as one expansive parcel, this opportunity is ideal for developers and investors looking to capitalise on the strong demand for residential dwellings in the area.
Key Features:
• Zoned R4 - High Density Residential
• Total land size: approximately 2,447 square metres
• Maximum Floor Space Ratio (FSR): 2.2:1 Subject to Council Approval
• Height of up to 22 metres [6 storeys] Subject to Council Approval
• 2 x near level sites currently improved with existing 6 and 8-unit apartment blocks each with own street frontage
• 400m (approx.) to Caringbah Railway Station
• Only 2.6km (approx.) to Westfield Miranda
• Just 4.2km (approx.) to the iconic Cronulla Beach
• Potential for an additional 30% affordable housing allowance Subject to Council Approval
• Complies with Transport Oriented Development (TOD) criteria as outlined by Planning NSW
Perfectly positioned within walking distance to Caringbah's retail and dining precinct and offering quick access to Sydney CBD via the Eastern Distributor, this site is also in close proximity to Sutherland Hospital, Kareena Hospital, Caringbah Selective High school, Endeavour Sports High School, private High Schools, local park and pools.
The property benefits from its central location, strong surrounding infrastructure and the immense lifestyle appeal of the Sutherland Shire - making it a compelling investment in a tightly held pocket of Sydney.
Contact Pat Feeney on 0414 417 063 for further details.
