For Sale by Expressions of Interest, is this large commercial/residential property, located on Bowral's busy main by-pass road, making it an ideal re-development site (STCA). The site area is 1,411 m2.
The site has a south easterly frontage of 49.7 metres to Station Street Bowral and a similar frontage to the Main Southern Railway Line. (The station is 100 metres from the site).
The site (comprising Lot 33 & Lot 34 DP1230381) has recently been subdivided from Lot 3 DP1114582. The zoning is B2 and the site enjoys a height limit of 15 metres and an FSR of 1:1.5.
There is an approved (but expired DA) for a three level commercial building (approx 2,500 m2 NLA), with associated underground parking.
Existing, on site tenancies have a WALE of less than six (6) months, providing a holding income of approximately $60,000 per annum, when fully let.
Bowral and its surrounding area, is the "jewel in the crown" of The Highlands and offers quality shopping, restaurants and wineries, excellent medical facilities (both public and private hospitals), as well as private and public education facilities.
Bowral is approximately 125 kms from Sydney and enjoys ready access to the Domestic and International Airline terminals, via the M5 Motorway and the M31 Hume Motorway.
All enquires should be directed to:
Michael Moloney at Richardson & Wrench Real Estate Bowral - 0414 482 150
Marlene Lynam at CIPS Real Estate - 0408 601433
FOR SALE BY EXPRESSIONS OF INTEREST - CLOSING DATE: 4PM THURSDAY 15TH JUNE 2017.
Expressions of Interest should be emailed to:
Michael Maloney [email protected]
Marlene Lynam [email protected]
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