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SOLD
1-6/4 Caronia Avenue, CRONULLA, NSW 2230
Development Potential
DETAILS
Entire Block For Sale - One Owner

Located a short walk to Cronulla Beach, mall and train station, this R4 zoned high-density site represents an amazing opportunity for your next key development or an amazing investment opportunity. The building currently consists of four, two bedroom units and two, one bedroom units. All six units are currently tenanted with a rental return of circa $91,000pa.

Apartment current value breakdown:

Unit 1 – 1 bedroom - $550,000

Unit 2 – 2 bedroom - $700,000

Unit 3 – 2 bedroom - $700,000

Unit 4 – 1 bedroom - $550,000

Unit 5 – 2 bedroom - $700,000

Unit 6 – 2 bedroom - $700,000

Total - $3,900,000

High Points

- Amazing development or investment opportunity

- Highly desirable Central Cronulla location

- R4 zoning

- Size – 613sqm (approx.)

- FSR – 1.2:1

- Height – 16m

- Zoning – R4

- Strata titled

- Room in FSR for 350sqm of GFA (approx.)

For all your home loan needs please give the team at Highland Financial Services a call on 02 9523 2699 or visit www.highlandfinancialservices.com.au

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
For Sale:
For Sale:
Auction Guide $2,900,000 - $3,190,000
Property Area
AREA:
617 m² (*approx)
Property Type
TYPE:
Commercial, Residential, Apartment Sites, Townhouse Sites, Apartment Sites, Townhouse Sites
Development Potential
DEVELOPMENT APPROVAL:
Residential Development Opportunity (STCA)

Due Diligence Tool

1-6/4 Caronia Avenue, CRONULLA, NSW 2230

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