8-12 & 5-9 Leonard & James Street, HORNSBY NSW 2077
Expression of Interest
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- 29 Nov 2016
Substantial Land Holding With Significant Development Upside
Colliers International are pleased to offer for sale via Expressions of Interest 8-12 Leonard Street and 5-9 James Street Hornsby, a substantial land holding presenting a unique opportunity to secure an amalgamated site of six properties with two street frontages and significant planning upside.
At a glance:
> 3,110sqm land holding in corner position
> Zoned B6 Enterprise Corridor allowing for shop-top housing
> Potential for increase in height and FSR from low base (STCA)
This 3,110sqm parcel of land is comprised of six amalgamated freehold properties being offered in one line. Current improvements on the site include older style industrial warehouses while the site benefits from frontage to James & Leonard Streets.
With current planning controls allowing for a shop-top housing development, the site presents an outstanding opportunity for a purchaser to undertake a planning proposal for the site to unlock increases in both height and FSR.
Strategically located within the suburb of Hornsby, the gateway to Sydney which has been identified as one of two Major Centers under the NSW Governments Northern Sydney Regional Action Plan. The site is strategically located within close proximity to both Hornsby Transport Interchange and Waitara train station. The site is also close to Westfield Hornsby Shopping Centre as well as a range of other retail and lifestyle infrastructure.
Hornsby contains a significant commercial and employment centre as well as a mature residential market with many high rise developments either completed or currently under construction. The suburb is also due to benefit from investment in infrastructure with the completion of the NorthConnex Motorway due in 2019.
Method of Sale:
The property is being offered for sale via Expressions of Interest closing Tuesday 8th March 2016 at 2pm.
To request a contract or arrange an inspection please contact the vendors exclusive agents.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
Expression of Interest Details
- Close Date:
- 08/03/2016 00:00:00
- Recipient Name:
- Nick Gallo
- Delivery Address:
- 2:00pm at Colliers International North Sydney Office
8-12 & 5-9 Leonard & James Street...