ICONIC BEACHSIDE DEVELOPMENT OPPORTUNITY
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.
- 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 Beach
- 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
138-142 Cronulla Street is offered for sale via Expressions of Interest closing Tuesday, 16 April 2019 at 4pm.
For further information or to arrange an inspection please contact the below exclusive selling agents.
Remember to mention you found this property on DevelopmentReady.com.au