Mixed Use Investment/Development – 673m²* On Highway Intersection
615-619 Princes Highway, Blakehurst, NSW 2221
CPG are pleased to present to market for sale a significant freehold, mixed use investment with development upside on 673m²* of land over 3 titles on the Princes Highway, located in prime position on the corner of one of the regions busiest intersections, connecting the St George area into the Sutherland Shire via Tom-Ugly’s Bridge.
Currently configured as 2 highly exposed ground floor retail shops with 2 x large 3-bedroom apartments on top and a vacant block of land to the side, the property is ideal for investors with ample rental upside, while also having a favourable E1 Local Centre (mixed use) zoning, 2.5:1 FSR, and 21m building height limit, also offering prime opportunity to be developed into a potential modern building of 1,682m²* total GFA alongside other notable recent successful projects in the vicinity into a modern, mixed use residential and commercial building in a central, convenient location with a pleasant outlook opposite Todd Park, Carss Bush Park Tidal Baths, and a short drive to both St George Hospitals, medical facilities, Hurstville, Kogarah and Carlton train station.
Property Highlights:
- 673m²* total land area
- 17.5m* frontage to Princes Highway with rear lane access via Stuart Lane
- Current building area of 484m²* split over two highly exposed ground floor retail tenancies + 2 x generously sized 2 bedroom apartments
- E1 Local Centre (mixed use) zoning
- Development upside with a 2.5:1 FSR and 21m height limit, potential Gross floor area for development of 1,682m²* (pending council planning controls)
- Potential to be developed into a modern, mixed use residential building with ground floor commercial
- High growth region, recent successful developments nearby including ‘The Upper Deck’, 2A James Street (Level 33), and ‘Panorama’ opposite
- Central and convenient location with a pleasant outlook opposite Todd Park, Carss Bush Park Tidal Baths, and a short drive to b...