We are pleased to present 29 Terminus Street to the market - a rare opportunity to acquire a freehold office building with potential development uplift suitable for both commercial and residential development in a prime location within Castle Hill.
An unparalleled investment opportunity not to be overlooked, 29 Terminus Street, Castle Hill benefits from the following key features:
- Approx 738sqm land area (approx 18.3m frontage x 40.1m depth)
- Double-storey building with 12 car spaces
- Approx 141sqm ground floor fitted out office with lease expiry 30 June 2024
- Approx 144sqm first floor fitted out office with lease expiry 30 April 2026 (3 months bond, Greater of CPI or 3.5% rent reviews)
- Approx $24,000+GST outgoings
- Planning controls of R1 General Residential zoning, 16-metre height limit and 1:1 FSR
- Favourable proposed 2:1 FSR under the NSW Government Department of Planning and Environment's Explanation of Intended Effect: changes to create low-and mid-rise housing
- Suited to various development options including business premises; child care; hotel or motel accommodation; multi dwelling housing; neighbourhood shops; office premises; residential flat buildings; respite day care centres; restaurants or cafes; seniors housing; shop top housing and more (STCA)
- Opposite The Hills Shire Council's strategic holding of the University of Canberra's campus, Terminus Street car park and Castle Mall, which is earmarked for future development.
- Approx 600 metres from Castle Hill Metro Station and bus stands
- Close to Castle Towers shopping centre, home to over 300 stores, including major retailers David Jones, Myer, Target, Kmart, Coles, Aldi, Uniqlo, Apple, Mecca and JB HiFi. Also features dining and entertainment options with 15 restaurants, Event Cinemas, iPlay, Strike Bowling, Holey Moley and more.
Ground floor 141 sqm available for lease at $77,550 net + $12,000 estimated outgoings + GST pa.
Four (4) exclusive car parking spaces and two (2) shared, including one (1) disabled.
For sale by expression of interest, by COB 30th May 2024, unless sold prior.
For more information, please contact the exclusive sales agent.
