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Commercial Building with Development Upside

1 Arncliffe Street, ARNCLIFFE NSW, 2205

Sold

Property Sold in 1 Arncliffe Street, ARNCLIFFE NSW, 2205

Commercial Property Group - Southern Sydney

Suite 2, Level 2, 168 Rocky Point Rd, Kogarah, NSW 2217

Listing ID:
11347356
Status:
Sold
Price:
For Sale $2,700,000 + GST
Last Updated:
10/10/2019
Icon building

Property Type

Offices
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Land Area

545 SQM
Icon size

Floor Area

450 SQM
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Parking

10

Commercial Building with Development Upside

Located on Arncliffe Street is this well constructed commercial building on approximately 545m² of land zoned B4 – Mixed Use. The position is extremely conveniently situated between Wolli Creek and Arncliffe Train Stations. The property is ideal for commercial occupation as it has been home to a long-established logistics business. The time has come for the next owner to enjoy all the amazing benefits, in particular, the dynamic location being moments to Sydney Airport and the M5 Motorway.

Features:
• Land area of 545m²*
• B4 – Mixed Use zoning
• Floor Space Ratio of 2.85:1
• Maximum of 28m building height
• Existing building spanning over 450m²*
• Double car garage
• Full brick and concrete building
• Ample off-street parking
• Existing building ideal for medical centre or childcare centre
• Redevelopment opportunity

While this intriguing investment opportunity is perfect for occupation as is, the development potential is evident by the generous FSR and building height limits. Concept sketches are available depicting a potential 20-unit development; however, the site would also be ideal of a boarding house or affordable housing solution.

Contact Hayden Bennett on 0477 665 455 or Damen Astey on 0431 817 616 for a detailed Information Memorandum or to arrange an inspection.

*Approximate

For more details, please email agent

Commercial Property Group - Southern Sydney

Suite 2, Level 2, 168 Rocky Point Rd, Kogarah, NSW 2217


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