KENSINGTON, Anzac Pde 153-155 & 157_Property for Sale

153-157 Anzac Parade, Kensington, NSW, 2033, AU

KENSINGTON, Anzac Pde 153-155 & 157

Asset Description

JLL and Colliers are pleased to offer for sale via Expressions of Interest, 153-157 Anzac Parade and 7 Addison Street, Kensington. The amalgamated site presents an adaptable development opportunity on a prominent corner location; one of the last remaining amalgamated corner sites in the Kensington Town Centre.

Situated in one of the Eastern Suburbs biggest growth corridors, this prime landholding is underpinned by an internationally recognised University, a thriving local property market and significant infrastructure spending.

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Attributes

Building area Gross

54,414 sf

Year built

2000

Land area Gross

0.19 acres (8,181 sf)

Media

Investment Highlights

Some key development attributes include:

Versatile land zoning providing the opportunity to construct student accommodation, residential apartments, residential build to rent and co-living
Substantial freehold site, comprising 1,263.8m²* of land area
2 street frontages plus a future rear lane
Potential base GFA of up to 5,055m²* and 5,560m²* including bonuses^
Prime corner location providing built form efficiencies
Proximity to world class Education and Health precinct
Opportunity to benefit from significant rental upside in the area

(*approximate / ^STCA)

153-157 Anzac Parade and 7 Addison St, Kensington is For Sale by Expressions of Interest, closing 3pm (AEDT) Thursday, 16 March 2023.