Land

KIRRAWEE, President Avenue 465-467

465-467 President Avenue Kirrawee, NSW Australia 2232
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

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Property Description

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.

Investment Highlights

  • 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.

Last Updated Date: 29 Oct 2020
John Romyn
Director
Peter Seeto
Director, Metropolitan Sales & Investments

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Last Updated Date: 29 Oct 2020

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