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SOLD

404 Sydney Road, BALGOWLAH, NSW 2093

Development Potential
DETAILS

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

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

DEVELOPMENT SITE SUMMARY
EOI:
EOI:
Contact Agent
Property Area
AREA:
936 m² (*approx)
Property Type
TYPE:
Commercial, Office, Office
Development Potential
DEVELOPMENT APPROVAL:
B2 Local Centre zoning

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404 Sydney Road, BALGOWLAH, NSW 2093
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