Exceptional Medium Density Development Opportunity - Heart of Maroubra Junction
X Commercial in conjunction with Raine & Horne Projects are pleased to offer 251-257 Maroubra Road & 133 Garden Street, Maroubra to market for sale by way of an Expressions of Interest campaign.
A prominent corner position located in the Eastern Suburbs on a prime parcel of medium density land providing scope to deliver a high calibre development. Maroubra is fast becoming one of Sydney's most desirable places to work & live making this an ideal opportunity to take advantage of the current residential drivers. This type of opportunity is knowingly sought after making for a rare offering for owner occupiers, developers & investors looking to capitalise on diminishing land supply to acquire a high-profile opportunity with current or future development upside in a high growth Eastern Suburbs metropolitan area.
The Key X Factors
- Total land parcel 2,779m²* over 4 titles
- Current building area of 1,152m2*
- Land Zoning R3: Medium Density
- 2 x commercial premises + 3 residential properties all recently refurbished
- Commercial premises currently operating as a successful mechanical workshop
- Residential properties are tenanted and are 3-4 bedroom homes
- Up to 24 onsite car parks, including rooftop parking
- Tenanted with strong holding income making it ideal for developers & planning.
- 56m* Street Frontage along Maroubra Road & 52m* street frontage along Garden Street
- Unencumbered by easements.
- Potential to unlock further planning (STCA)
- Close to Public Transport & local amenities
- Within 2km (5min drive) to Maroubra Beach & less than 600m to Pacific Square Shopping Centre
Maroubra is one of Sydney's most vibrant and connected suburbs. Maroubra Junctions' connectivity to amenity such as parks, beaches, Shopping Centres, supermarkets & main arterial roads is unmatched and like no other suburb in the Eastern Suburbs.
The property is offered for sale via an Expression of Interest campaign closing on Monday 13th November @ 4:00pm.
*Approximate Figures
For more information or to obtain an information memoradumn, please contact the exclusive selling agents below:
Charlie Mckenzie 0416 833 118
Marcus Schraag 0431 038 291
James Nixon 0415 889 284
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