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.
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