Colliers are pleased to present 10 London Street & 43 North Parade, a rare opportunity to acquire a large mixed-use development site with holding income and significant upside in the vibrant cosmopolitan suburb of Campsie.
The site benefits from a corner position with potentials for residential, retail or hotel redevelopment which sits directly opposite to Campsie Railway Station and supported by favourable underlying planning controls on high-density and mixed use B2 Local Centre zoning.
Given such a prime corner location, the future redevelopment will support a prosperous demographic seeking a mixture of convenient retail, commercial and well-appointed apartments, approximately 20 minutes to Sydney CBD by public transports or drive.
Key highlights include:
· Mixed Use development site with holding income in a highly sought after market.
· Two freestanding retail buildings with eight (8) tenancies on a prominent corner position.
· Stable income from multiple tenants with strong value-add proposition for rental reversion providing solid holding income for staged development.
· Large mixed-use site 1,632 sqm* adjacent to Campsie Railway Station.
· Earmarked for increased height limits and floor space ratios up to 20-storeys under the proposed Campsie Town Centre Masterplan.
· Estimate GFA proposed up to 12,633 sqm* under the proposed Campsie Town Centre Masterplan (subject to further town planning proposal approval).
· Upcoming Sydney Metro will deliver metro services to Central Station every 4 minutes during peak hours.
· Dynamic and densely populated trade area within Canterbury-Bankstown LGA.
This opportunity will be offered for sale by International Expressions of Interest closing Thursday 11 April 2024 at 3:00PM (AEST).
*Approximately
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