CBRE, as the exclusive selling agent, is pleased to present 396-402 Sydney Road, Balgowlah. The neighbouring commercial buildings are fully tenanted and are DA approved for a mixed use development in a highly sought after suburb in Sydney's Northern Beaches.
396-402 Sydney Road, Balgowlah benefits from the following key investment highlights:
- 812sqm* DA approved development site
- DA approved for 4 x 1 bed units, 11 x 2 bed units, 36 secure basement car spaces & 310sqm* of retail
- Ready for construction benefiting from short leases / demolition clause
- Currently fully tenanted with $156,755* gross annual holding income
- Large 19m* frontage to Sydney Road
- Flexible B2 – Local Centre zoning
- 150m* to Stockland Shopping Centre with Coles, Fitness First Platinum and Harbord Growers Market
- 650m* to Sydney Harbour and North Harbour Reserve
- Highly demanded suburb with strong growth and affluent demographic
- Serviced by frequent Sydney Road buses and the new Rapid B-Line bus routes
- Express bus service to Sydney CBD
- Poised to benefit from proposed Northern Beaches tunnel to Sydney CBD
For further information, please contact the exclusive CBRE selling agents.