18 Thomas Street Cronulla NSW 2230

CBRE as the exclusive sales agent is pleased to bring 18 Thomas Street, Cronulla to market for sale via Expressions of Interest.

The offering comprises a significant block of 4 x 1-bedroom & 6 x 2-bedroom apartments within walking distance of Woolooware Train Station and Cronulla Beach and presents a unique opportunity to acquire 10 apartments in one of Sydney's most sought after locations.

The asset presents a safe and secure investment with upside and provides an opportunity to capitalise on one of Sydney's most tightly held rental markets.

18 Thomas Street, Cronulla benefits from the following key features:

Sensational freehold building in a highly demanded beachside suburb, underwriting Cronulla strong rental market;
Boutique block of 4 x 1-bedroom & 6 x 2-bedroom apartments;
Generous storage areas providing potential conversion opportunity;
Lockup garages and spacious common areas;
North-facing corner site positioned on 969sqm*;
Sydney's only beachside suburb serviced by train line;
R3 Medium Density Residential Zoning, 9 metre Height Limit; 0.7:1 FSR;
Potential to revert to market rents; strata & sell down (STCA), or refurbish & hold;
19km* to Sydney CBD

18 Thomas Street, Cronulla is For Sale with Tender closing Friday, 19 August 2022.

Matthew Fenn
Matthew.Fenn@CBRE.com.au
0416 925 444

Jason Lowry
Jason.Lowry@CBRE.com.au
0419 277 527

Nicholas Heaton
Nicholas.Heaton@CBRE.com.au
0408 025 097

Approximate*