Sutherland 696-700 Old Princes Highway

Unique Development Site Opportunity

Located in the heart of thriving Sutherland and only 650 metres to Sutherland Train Station, this development site offers endless opportunity. A perfect development for the increased demand for affordable housing, this would suit a mix of apartment sizes or an entire boarding house scheme with ground floor retail, (STCA) affordable housing offers the opportunity to achieve a bonus of 30% increase in FSR and height. The site also has a DA approval for a modern 8 level commercial retail and office development.

This opportunity would yield high gross rental returns creating a highly lucrative investment for institutional investors. Due to the high demand and lack of supply for the product, this could be achieved during the construction process.

Site Particulars:
1. Land Size - 1,376sqm
2. Zoning - E2
3. FSR - 3.5:1 (30% increase for affordable house STCA)
4. Height - 30m (30% increase for affordable house STCA)
5. Council - Sutherland Shire Council

The site is nestled in southern Sydney in Sutherland, the epicentre of the local workforce of the Sutherland Shire, with facilities such as a general purpose entertainment centre, a community centre, local government council offices, Sutherland Leisure Centre, local cafes, upmarket restaurants and gourmet eateries, shops and a major central library. Sutherland is a new and emerging CBD with new transport, business and hospitality venues coming into the area, with ample new infrastructure planned.