FULLY LEASED INVESTMENT WITH DEVELOPMENT UPSIDE METRES TO ROCKDALE RAILWAY STATION
*Total Gross Annual Rental $403,787 (approx.)
* B2 Local Centre Zoning
* Currently 25 Meter Height Limit with unlimited FSR
Ray White Hurtstville are pleased to offer this rare opportunity to acquire a fully leased investment with the opportunity to "Value Add" by lodging a Development Application for a mixed use commercial /residential development.
Key Features Include:
• Fully leased investment with four (4) separate tenancies with a combined gross annual rental of $403,787 (approx.)
• Level 1 leased to "Cardno" an ASX listed public company
• Total Site Area of 995.50 sqm (approx.)
• Total Building Area 1,543 sqm (approx.) excluding common areas
• Zoned "B2 Local Centre" under Bayside Council LEP 2021
• Current 25 Meter Heigh Limit
• Unlimited FSR under Bayside Council LEP 2021 Town Centre Plan
• Existing improvements comprise refurbished 2 level commercial building with basement security parking for 22 cars
• Three (3) street frontages to Frederick Street, Waltz Lane and Frederick Lane therefore would be a functional development site
• The property is conveniently located approximately 100 meters to both Rockdale Railway Station and bus interchange providing easy access to both international and domestic airports and City.
• Rockdale is conveniently located approximately 13 kilometers South of Sydney Central Business District and short distance to Brighton Le Sands and Botany Bay
• Ideal opportunity to hold and lodge a Development Application for commercial/residential mixed use development and receive income in the interim.
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