14-16 Banksia Road Caringbah NSW 2229

CBRE, as the exclusive selling agent is pleased to present 14-16 Banksia Road, Caringbah to the market. Positioned within moments from Caringbah Town Centre, this investment proposition in Sydney's thriving residential market offers a fantastic opportunity for investors and wholesale apartment traders to refurbish, remediate and reposition.

The property further benefits from uplift in planning controls from the state-led Low to Mid-Rise Housing Policy (LMR), providing future redevelopment potential (STCA)

14-16 Banksia Road, Caringbah benefits from the following key attributes:

- 14 strata apartments comprising 3 x 1-bedroom, 10 x 2-bedroom and 1 x 3-bedroom units with private terraces plus 14 parking spaces
- 77.78% of units and 75.6% unit entitlement offered in-one-line
- Estimated market gross income of $491,400* per annum
- Commanding 1,802sqm* land parcel and a combined strata area of 1,368sqm*
- Favourable LMR planning controls in the form of R4 High Density zoning, 22m Height Limit, 2.2:1 FSR providing future development upside (STCA)
- Opportunity for savvy purchaser to refurbish, remediate and/or reposition to maximise their return on investment (STCA)
- Ample on-street parking available
- Surrounded by local cafes, restaurants, shops, medical centres, parks and desirable school catchment areas
- Easy access to amenities such as Caringbah Train Station, Caringbah Shopping Village, Sutherland Hospital & Miranda Westfield
- Set to benefit from the rapidly growing rental environment with a record low Sydney vacancy rate of 1.3%^

For more information or to request access to the due diligence room, please contact the exclusive sales agent.

*Approx
STCA Subject to council approval
^ Sydney vacancy rate as at April 2025, SQM Research