The property benefits from the following key attributes;
GATEWAY SITE ON KINGSGROVE ROAD, THE BUSTLING HEART OF KINGSGROVE
The subject site forms the gateway to the established metropolitan village of Kingsgrove, when approaching it from the north.
Just 200m* south of the M5 and adjacent to Kingsgrove Train Station, this location offers the developer, of either of the two approved schemes, the opportunity to brand the retail and/or residential elements with maximum impact.
THE ONLY DA APPROVED MIXED-USE SITE IN KINGSGROVE TOWN CENTRE
Kingsgrove is one of the few remaining village locations in metropolitan Sydney that benefit from an efficient train service to Sydney CBD and yet not have any modern apartment stock available.
Either of the current approvals allow the developer to be at the vanguard of apartment sales in this suburb.
TWO DA APPROVALS IN PLACE FOR 1,606SQM* OF RETAIL PLUS 10 TOWNHOUSES OR 569SQM* OF RETAIL PLUS 27 APARTMENTS
The first approval in place allows for a five-storey scheme plus lower-ground supermarket. The second approval in place allows for a four-level scheme, together with two levels of basement car park.
The multiple approvals provide the successful purchaser the flexibility of either pursuing supermarket interest in this location (starved of meaningful supermarket offerings) or alternativly, exploiting the supply/demand imbalance for apartment stock in this vicinity.
ADJACENT TO KINGSGROVE TRAIN STATION
Being located adjoining Kingsgrove Train Station dramatically widens the appeal of the residential apartment stock, to appeal to commuters from the wider metropolitan region, as well as young professionals from the immediate vicinity, seeking to buy an apartment.
*Approx