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465-467 President Avenue Kirrawee NSW 2232

  • Development / Land
  • 1,257 m²
  • For Sale, Contact the agent

Develop a significant cash flow asset

    JLL are pleased to offer to the market for sale, the opportunity to develop 62 modern executive studio suites.

    With DA approval having just been received for the construction of 58 double and four single rooms, including a manager residence, this is your chance to redevelop two homes into a five level residential cash flow, with parking for 32 vehicles.

    Located on the Sutherland / Kirrawee ridge of the escarpment, the development benefits from the leafy Royal National Park vista to the South and blue shores of the Tasman Sea to the East.

    The development is located just 300 metres from the Kirrawee retail strip filled with cool cafes and local shops, 600m from the South Village shopping centre comprising Coles, Aldi, Priceline and loads of eateries. Woolworths will open soon in Flora Street. This opportunity is also less than 300 metres from the Kirrawee rail station giving immediate access to the T4 line connecting the Sydney CBD, Bondi, Cronulla Beaches and the Illawarra Shire.

    DA approved for 62 executive studios,
    Parking for more than half the studios
    This may be one of the last approved boarding houses under old planning regime
    Significant cash flow potential upon completion of construction
    For Sale by way of Expressions of Interest.

    Property Highlights

    Property ID2016588463
    Floor Area4,079 m²
    Land Area1,257 m²
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    Last updated  30 Oct 2020
    Map for 465-467 President Avenue Kirrawee NSW 2232
    Map for 465-467 President Avenue Kirrawee NSW 2232465-467 President Avenue Kirrawee NSW 2232
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    JLL - Sydney
    Level 25 420 George Street Sydney NSW 2000

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