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396-402 Sydney Road Balgowlah NSW 2093

  • Development / Land
  • Land Size812 m²
  • PriceExpressions of Interest

DA APPROVED DEVELOPMENT SITE

  • 15 Apartments + Retail
  • Holding Income of $156,755 p.a.*
  • Ready for Construction - Short Leases

CBRE, as the exclusive selling agent, is pleased to present 396-402 Sydney Road, Balgowlah. The neighbouring commercial buildings are fully tenanted and are DA approved for a mixed use development in a highly sought after suburb in Sydney's Northern Beaches.

396-402 Sydney Road, Balgowlah benefits from the following key investment highlights:

- 812sqm* DA approved development site
- DA approved for 4 x 1 bed units, 11 x 2 bed units, 36 secure basement car spaces & 310sqm* of retail
- Ready for construction benefiting from short leases / demolition clause
- Currently fully tenanted with $156,755* gross annual holding income
- Large 19m* frontage to Sydney Road
- Flexible B2 Local Centre zoning
- 150m* to Stockland Shopping Centre with Coles, Fitness First Platinum and Harbord Growers Market
- 650m* to Sydney Harbour and North Harbour Reserve
- Highly demanded suburb with strong growth and affluent demographic
- Serviced by frequent Sydney Road buses and the new Rapid B-Line bus routes
- Express bus service to Sydney CBD
- Poised to benefit from proposed Northern Beaches tunnel to Sydney CBD

For further information, please contact the exclusive CBRE selling agents.

*Approximate

EXPRESSION OF INTEREST

Closing date and time10/07/2019 16:00
Recipient nameAsk Agent
Delivery addressExpression of Interest

Property Highlights

Property ID2015388083
Floor Area812 m²
Land Area812 m²
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  25 Jun 2019
Map for 396-402 Sydney Road Balgowlah NSW 2093
CBRE Sydney
Level 21 363 George Street Sydney NSW 2000

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