697m²* Prime Commercial Core Investment with Development Upside
375 Port Hacking Road, Caringbah
Price: Auction: Thursday 23rd September, Online at 1:00pm

Commercial Property Group is excited to present to market for sale by way of public auction 375 Port Hacking Road, Caringbah. The property is located in a convenient, high exposure position on well-known Port Hacking Road, surrounded by cafes, businesses, Caringbah Hotel, Dan Murphy’s, schooling, playing fields and abutting council car park. Currently occupied by three (3) long standing businesses with a combined annual rental of approx $99,145.44 pa + GST. With land area of 697m²* and an existing building area of 227m²*, the property provides rear lane access for ease of parking and deliveries.

This is a significant investment or development opportunity in today’s market, as properties such as 375 Port Hacking Road are rarely offered and difficult to secure. The property is ideal for an astute owner occupier or developer appreciating the need for rejuvenation of tired commercial and retail premises into the modern times. Caringbah CBD precinct is limited to offering modern and attractive commercial solutions; therefore, this property has the potential for a purpose designed commercial retail development to either build to rent or build to sell.

Features include:
• 227m²* existing building area
• 697m²* land area
• Tenanted investment with rental income of approx. $99,145.44 pa + GST
• 15.4m* frontage to Port Hacking Road
• B3 – Commercial Core zoning
• 16m Building Height Limit
• 2:1 Floor Space Ratio

This is the first time this property has been offered to the market in over 60 years! Don’t miss this opportunity – it truly is a special and exciting offering, not to be overlooked!

For further information or to arrange an inspection, please contact selling agents Hayden Bennett on 0477 665 455 or Damen Astey on 0431 817 616.

Auction:
Thursday 23rd September 2021
Online at 1:00pm

* All areas are approximate
** Development is subject to council approval