470-472 Anzac Parade,
Kingsford, NSW 2032
Development Sites & Land • Shops & Retail
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Sale - Auction Tue 12 Nov
AUCTION
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Ray White - Double Bay
356 New South Head RoadDOUBLE BAY, NSW 2028
470-472 Anzac Parade
Kingsford, NSW 2032
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Map of 470-472 Anzac Parade
Train stations within 5 km of 470-472 Anzac Parade, Kingsford, NSW 2032 Distance Green Square Train Station 2.9 km Mascot Station 3.7 km Waterloo Station 3.8 km Bondi Junction Station 4 km Redfern Station 4.3 km POWERED BY HERE ©Tram stops within 5 km of 470-472 Anzac Parade, Kingsford, NSW 2032 Distance Surry Hills Light Train Station 4.1 km Central Chalmers Street 4.6 km Central Station Light Rail 4.8 km POWERED BY HERE ©Bus stops within 5 km of 470-472 Anzac Parade, Kingsford, NSW 2032 Distance Kingsford Nine Ways, Anzac Pde - Stand C 184 m Gardeners Rd at Houston Rd 273 m Anzac Pde Near Barker St 305 m Barker St Near Gate 14 307 m Rainbow St Near Willis St 325 m POWERED BY HERE ©
POWERED BY HERE ©
Mixed Use Freehold with Significant Development Potential
- Ground Floor Shop + 2 x 2 bed units
- Tenants pay 50% of building outgoings
- Holding income +flexible leases in place
Ray White Commercial Eastern Suburbs and Ray White Double Bay are excited to present to market 470-472 Anzac Parade, Kingsford, being sold via Public Auction.
This exceptional freehold building is perfectly positioned on Anzac Parade in Kingsford's bustling shopping precinct and strategically positioned within walking distance to the UNSW Campus, Prince of Wales Hospital, nearby Kingsford Light Rail Station and well-connected public transport hubs.
The property is located within the Kensington to Kingsford Planning Strategy precinct (K2K) offering favourable planning controls and incredible development potential in one of the fastest growing residential precincts in Sydney's Eastern suburbs.
Investment Highlights:
- 2 level freehold comprising a ground floor restaurant and 2 x 2 bedroom apartments
- Ground floor leased to established Malaysian Restaurant operator with 2 existing locations
- Both units are renovated with timber flooring, modern kitchen, air conditioning + internal laundry facilities
- Annual Income: $173,000 per annum (approx.)
Development Highlights:
- Land Size: 285m2 (approx.) | Existing Building Area: 256m2 (approx.)
- Current FSR 3:1 with potential uplift to 4:1 (K2K Planning Strategy)^
- Current Height Limit: 24m with potential uplift to 31m (K2K Planning Strategy)^
- Potential Building Area: 855m2^ (based on current FSR of 3:1)
- Versatile E2 Commercial Centre Zoning
^Subject to council approval
Auction Details
Date: Wednesday November 13th, 2024
Location: Ray White Corporate Office, Level 7, 44 Market St Sydney NSW 2000
Time: 10:30am (AEDT)
For further information, please contact the exclusive selling agents below.
This exceptional freehold building is perfectly positioned on Anzac Parade in Kingsford's bustling shopping precinct and strategically positioned within walking distance to the UNSW Campus, Prince of Wales Hospital, nearby Kingsford Light Rail Station and well-connected public transport hubs.
The property is located within the Kensington to Kingsford Planning Strategy precinct (K2K) offering favourable planning controls and incredible development potential in one of the fastest growing residential precincts in Sydney's Eastern suburbs.
Investment Highlights:
- 2 level freehold comprising a ground floor restaurant and 2 x 2 bedroom apartments
- Ground floor leased to established Malaysian Restaurant operator with 2 existing locations
- Both units are renovated with timber flooring, modern kitchen, air conditioning + internal laundry facilities
- Annual Income: $173,000 per annum (approx.)
Development Highlights:
- Land Size: 285m2 (approx.) | Existing Building Area: 256m2 (approx.)
- Current FSR 3:1 with potential uplift to 4:1 (K2K Planning Strategy)^
- Current Height Limit: 24m with potential uplift to 31m (K2K Planning Strategy)^
- Potential Building Area: 855m2^ (based on current FSR of 3:1)
- Versatile E2 Commercial Centre Zoning
^Subject to council approval
Auction Details
Date: Wednesday November 13th, 2024
Location: Ray White Corporate Office, Level 7, 44 Market St Sydney NSW 2000
Time: 10:30am (AEDT)
For further information, please contact the exclusive selling agents below.
Additional information
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Property ID: 504708112Last Updated: 13 Oct 2024
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