Future Lot 147a Garnet Road, Kareela_Property for Sale

Future Lot 147a Garnet Road, Kareela, NSW, 2232, AU

Future Lot 147a Garnet Road, Kareela

Asset description

JLL and Highland Commercial Property as the exclusive selling agents are pleased to offer Future Lot 147A Garnet Road, Kareela (Property) For Sale by Expressions of Interest closing Tuesday 24^th September 2024 at 4:00pm (AEST).

The Property is an exceptional development opportunity within the highly affluent suburb of Kareela, a tranquil region in Sydney’s illustrious Sutherland Shire.

Set on an expansive 9,463 sqm* landholding within an area primarily comprising of low density housing, the site has received valuable planning uplift from a rigorous Planning Proposal and Development Application approvals which has successfully rezoned the parcel to R2 – Low Density Residential with additional permitted use right for the development of a ‘Residential Flat Building’.

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Attributes

Land area gross

101,859 sf

Building area gross

71,301 sf

Media

Investment highlights

Development Highlights:

Blank canvas development opportunity spanning an expansive land area of 9,463 sqm*
Valuable Planning Proposal and DA approval which has successfully rezoned the land (proposed Lot 104 in Deposited Plan 1279999) to R2 – Low Density Residential
Clearly defined planning controls to create a 16-metre residential project yielding 6,624.1 sqm* of GFA (STCA)
Exceptionally rare offering, one of only two freehold land holdings above 9,000 sqm in the Sutherland Shire LGA which permits residential flat buildings or shop top housing¹
Unique development offering superb optionality for a wide array of end uses that perfectly cater to meet downsizer, first home buyer and community demand
Potential to capture vast district and tranquil bushland view corridors
Highly affluent demographic evident by the median weekly household income of Kareela being 30%* above Greater Sydney’s and 47%* of dwellings in the suburb owned outright²
Surrounded by an abundance of amenity, ranging from local transport (bus and rail services), retail (Kareela Village), leisure (Kareela Golf Club), health facilities and education amenity

* Approximate

STCA – Subject to Council Approval

¹ Source: Mecone Mosaic (Excludes strata titled properties, established shopping centres and operational aged care facilities/retirement villages)

² ABS Census 2021 Kareela

Note: Future lot pending subdivision of ‘Part of 147 Garnet Road, Kareela NSW 2232 and 2 Mikarie Place, Kirrawee NSW 2232’. (Proposed Lot 104 in Deposited Plan 1279999, being part of Lot 1142 in

Deposited Plan 752064 and Lot 1 in Deposited Plan 225581)

The Property is being offered For Sale by way of Expressions of Interest closing Tuesday 24^th September 2024 at 4:00pm (AEST).

All enquiries, information requests, inspection arrangements and lodgement of offers are to be directed to the exclusive selling agents.