Knight Frank as the exclusive selling agents are delighted to present for sale 138-142 Cronulla Street, Cronulla – An iconic development site in a premier waterside location with an attractive holding income.
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Key highlights:Â
- Rare-mixed use development opportunity in the heart of Cronulla
- Premium site area of 1,468sqm* over three street frontages
- Potential GFA 2,936 sqm (STCA)
- Directly opposite Cronulla Train Station (20m*) and Monro Park
- Develop and unlock water views to both Cronulla and Gunnamatta Bay (Subject to council approval)
- Attractive existing holding income of $540,966 per annum net split over multiple tenancies
- Only 180m* from Cronulla BeachÂ
- A short walk away is an abundance of amenities; Cronulla Mall, Cronulla Wharf, Cronulla RSL, IGA, North & South Cronulla Beaches
- A 10 minute drive to Miranda Westfield, Kareena Private Hospital and Sutherland Public Hospital
- Premium values on pre-sales for specific downsizer purchasers
- Potential to deliver a luxury boutique complex to capitalise on the surrounding amenity
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138-142 Cronulla Street is offered for sale via Expressions of Interest closing Tuesday, 16 April 2019 at 4pm.
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For further information or to arrange an inspection please contact the below exclusive selling agents.Â
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*Approx.
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Agents:
Demi Carigliano
Richard Garland