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62-66 Coonanbarra Road, Wahroonga, NSW 2076
Wahroonga
Offered for the first time in 35 years, Colliers is privileged to introduce 62-66 Coonanbarra Road; a unique opportunity to acquire a secure investment boasting multiple income streams and approved development upside.
Architecturally designed by Sir John Sulman in c.1894, the building comprises of three retail tenancies distributed across two floors (ground & basement), with a two bedroom apartment occupying the first floor. Additionally, the property features vacant land at the rear fronting Millewa Lane, complete with development approval for 2 x four bedroom townhouses and conversion of the roof space into a luxury 3 bedroom unit.
Key Highlights:
+ 1,027 sqm site with dual street frontages
+ Secure income stream from multiple tenants
+ DA approval for 2 x 4-bedroom townhouses and a 3-bedroom luxury apartment at the rear
+ Land-constrained market supported by strong fundamentals & limited supply
+ Affluent suburb benefitting from an abundance of nearby amenity
+ 150m from Wahroonga Bus & Train interchange
+ Convenient connectivity to major arterial roads including the M1, M2 & NorthConnex
+ Potential for future development uplift given <400m from Wahroonga Train Station, in line with the State Government’s draft new SEPP / low to mid-rise Housing Reforms (STCA)
For Sale via Expressions of Interest
Closing Thursday 7 March 2024 at 3:00pm (AEDT)
For further information and/or to arrange a private inspection, please contact the exclusive selling agents.
Remember to mention you found this property on DevelopmentReady
Offered for the first time in 35 years, Colliers is privileged to introduce 62-66 Coonanbarra Road; a unique opportunity to acquire a secure investment boasting multiple income streams and approved development upside.
Architecturally designed by Sir John Sulman in c.1894, the building comprises of three retail tenancies distributed across two floors (ground & basement), with a two bedroom apartment occupying the first floor. Additionally, the property features vacant land at the rear fronting Millewa Lane, complete with development approval for 2 x four bedroom townhouses and conversion of the roof space into a luxury 3 bedroom unit.
Key Highlights:
+ 1,027 sqm site with dual street frontages
+ Secure income stream from multiple tenants
+ DA approval for 2 x 4-bedroom townhouses and a 3-bedroom luxury apartment at the rear
+ Land-constrained market supported by strong fundamentals & limited supply
+ Affluent suburb benefitting from an abundance of nearby amenity
+ 150m from Wahroonga Bus & Train interchange
+ Convenient connectivity to major arterial roads including the M1, M2 & NorthConnex
+ Potential for future development uplift given <400m from Wahroonga Train Station, in line with the State Government’s draft new SEPP / low to mid-rise Housing Reforms (STCA)
For Sale via Expressions of Interest
Closing Thursday 7 March 2024 at 3:00pm (AEDT)
For further information and/or to arrange a private inspection, please contact the exclusive selling agents.
Remember to mention you found this property on DevelopmentReady
