GATEWAY DEVELOPMENT SITE – MIXED USE POTENTIAL 1,855 sqm
Outstanding opportunity to secure a prime amalgamated site, combining 4 commercial sites along Princes Highway and located within the Rockdale Town Centre (Area A).
Ideal for mixed-use commercial/ luxury residential development with water views to Botany Bay from the upper levels of a potential multi-storey development (STCA).
On the opposite side of the road, 395 Princes Highway, 401-405 Princes Highway has developed an 11-storey building.
HIGHLIGHTS
* Three existing two-level commercial buildings and an additional large single commercial building with a large open hardcourt area.
* Triple street frontage 185 metres – Princes Hwy & King rear & King side lanes
* Strong rental return potential for buy-and-hold investors
* Approx. 1,855 sqm land area (subject to survey)*
* Zoned MU1 Mixed Use
* Bayside Council LEP 2021 (updated 21 April 2023)
* Height allowance up to 28m*
* No Floor space ratio
* No Heritage and not in a conservation area
* Hold Income $270,000**
Superb Location Near the Following:
✔ Rockdale Station & Bus Interchange 500 metres
✔ Rockdale shopping & dining precinct 200 metres
✔ Sydney International Airport 10-minute drive
✔ Easy access to M1, M5 & M8 motorways 5-minutes drive
• Reliable Income Stream:
Currently generating $270,000 p.a.** from established residential and commercial leases, offering immediate cash flow and helping to offset holding costs during the planning and approval stages.
• Strong Market Fundamentals:
Located in a resilient local market with a low vacancy rate of just 1.5%, a solid median unit yield of 5.1%, and forecast population growth exceeding 70,000 by 2036.
• Infrastructure-Driven Growth:
Situated within the Bayside West Precincts 2036 Plan zone, the site stands to benefit from $10 million in government investment in transport, green spaces, and community amenities.
Unlock the potential of this premier site and create Rockdale's next iconic mixed-use development. Ideally suited to luxury apartments, healthcare or childcare developers, or build-to-rent operators targeting young professionals.
This is a real opportunity to secure an outstanding gateway development site in the City of Rockdale
Contact Dean Haustead at Stone Real Estate to receive the additional Information.
