1 Saunders Bay Rd Caringbah South, NSW 2229
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DEVELOPER/INVESTOR OPPORTUNITY – EXPRESSION OF INTEREST CLOSES 18 December 2020
1 Saunders Bay Rd is a corner block to Saunders Bay Rd & Burraneer Bay Rd with a slope to Saunders Bay Rd and good access to all utilities, located in a central, popular location with existing surrounding medium density townhouse developments.
The block currently provides a large 5-bedroom/ 4-bathroom house with double garage & carport, as well as a functioning commercial pool/swim school, gym and squash court facilities; with properties offering a combined estimated net rental income of $178,000pa.
LAND: 24.24/23.42M X 49.54/55.85M approx..
GROSS AREA: 1234sqm, currently with 5-bedroom house & Squash Courts, Pool and Gym Centre (currently leased)
ZONE: R2 – Low Density Residential
Low Rise Medium Density Housing Code
Complying development may be carried out on the land under the Low Rise Medium Density Housing Code.
HEIGHT: 8.5m – 2+ Storey – not including basement parking
FSR: 0.55.1 – NET FLOOR AREA 680sqm approx.; Townhouse 110-120sqm footprint
OUTGOINGS: Rates: $1550/QTR; Water: $250/QTR; Refer lease for other shared maintenance costs
SALES PROCESS: For Sale by Expression of Interest (EOI), closes 18th December 2020
For more information and to receive a Detailed Information Memorandum (IM) with EOI finishing 18th December 2020; please email or contact:
Principal, Laing+Simmons Miranda
0401 145 477
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- 12 Com Car Spaces
Agent representing 1 Saunders Bay Rd
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