NORTHERN BEACHES DEVELOPMENT SITE WITH HOLDING INCOME
CBRE is pleased to present 404 Sydney Road, Balgowlah, a three storey commercial property in a commanding corner position near the Stockland Shopping Centre with seamless accessibility to Manly and Sydney CBD. The property is a development site with the security of a holding income.
404 Sydney Road, Balgowlah capitalises on the following key attributes:
- Land area: 936.4sqm*
- B2 Local Centre zoning allowing for shop top housing
- Floor space ratio 2:1
- 12.5m height limit
- Currently a commercial building with six tenancies and 16 car spaces
- Passing income: $393,977 per annum*
- 150m* to Stockland Shopping Centre with Coles, Fitness First Platinum and Harbord Growers Market
- Just 650m* to Sydney Harbour and North Harbour Reserve
- Future transport infrastructure with Beaches Link Tunnel to the CBD, B-Line Rapid Bus Service and road upgrades
- Highly demanded suburb with strong growth and affluent demographic
*Approximate
404 Sydney Road, Balgowlah will be made available for sale via expressions of interest closing on Wednesday, 29 November 2017 at 4:00pm.
For more information, please contact the below agents:
Aaron Arias
Metropolitan Investments
0403 674 599
Toby Silk
Metropolitan Investments
0422 143 813
Nicholas Heaton
Metropolitan Investments
0408 025 097
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