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Located in the heart of thriving Sutherland and only 650 metres to Sutherland Train Station, this development site offers endless opportunity. A perfect development for the increased demand for affordable housing, this would suit a mix of apartment sizes or an entire boarding house scheme with ground floor retail, (STCA) affordable housing offers the opportunity to achieve a bonus of 30% increase in FSR and height. The site also has a DA approval for a modern 8 level commercial retail and office development.
This opportunity would yield high gross rental returns creating a highly lucrative investment for institutional investors. Due to the high demand and lack of supply for the product, this could be achieved during the construction process.
Site Particulars:
1. Land Size - 1,376sqm
2. Zoning - E2
3. FSR - 3.5:1 (30% increase for affordable house STCA)
4. Height - 30m (30% increase for affordable house STCA)
5. Council - Sutherland Shire Council
The site is nestled in southern Sydney in Sutherland, the epicentre of the local workforce of the Sutherland Shire, with facilities such as a general purpose entertainment centre, a community centre, local government council offices, Sutherland Leisure Centre, local cafes, upmarket restaurants and gourmet eateries, shops and a major central library. Sutherland is a new and emerging CBD with new transport, business and hospitality venues coming into the area, with ample new infrastructure planned.
Remember to mention you found this property on DevelopmentReady
Located in the heart of thriving Sutherland and only 650 metres to Sutherland Train Station, this development site offers endless opportunity. A perfect development for the increased demand for affordable housing, this would suit a mix of apartment sizes or an entire boarding house scheme with ground floor retail, (STCA) affordable housing offers the opportunity to achieve a bonus of 30% increase in FSR and height. The site also has a DA approval for a modern 8 level commercial retail and office development.
This opportunity would yield high gross rental returns creating a highly lucrative investment for institutional investors. Due to the high demand and lack of supply for the product, this could be achieved during the construction process.
Site Particulars:
1. Land Size - 1,376sqm
2. Zoning - E2
3. FSR - 3.5:1 (30% increase for affordable house STCA)
4. Height - 30m (30% increase for affordable house STCA)
5. Council - Sutherland Shire Council
The site is nestled in southern Sydney in Sutherland, the epicentre of the local workforce of the Sutherland Shire, with facilities such as a general purpose entertainment centre, a community centre, local government council offices, Sutherland Leisure Centre, local cafes, upmarket restaurants and gourmet eateries, shops and a major central library. Sutherland is a new and emerging CBD with new transport, business and hospitality venues coming into the area, with ample new infrastructure planned.
Remember to mention you found this property on DevelopmentReady
