334-338 Sydney Road,
Balgowlah, NSW 2093

Development Sites & Land • Shops & Retail • Offices

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DEVELOPMENT SITE WITH HOLDING INCOME

531.2sqm* land area
B2 Local Centre zoning
Net income $202,929 pa*

CBRE is pleased to present ‘Pearse's Corner’ - 334-338 Sydney Road, Balgowlah. This prime residential development site comprises three commercial lots boasting a high profile corner location with existing income from office and retail tenants. Metres from Stockland Shopping Centre, the properties enjoy seamless accessibility to Manly and the Northern Beaches.

‘Pearse's Corner’ capitalises on the following key attributes:

- Land area: 531.2sqm*
- B2 Local Centre zoning
- Flexible development options with a 2:1 FSR and 12.5 metre height limit
- Currently 3 x 2 storey commercial freehold properties with a total of seven tenants and three car spaces
- Net income $202,929 pa*
- 50m* from Stockland Shopping Centre which includes Coles, Fitness First Platinum and Harbord Growers Market
- Just 450m* to Sydney Harbour and North Harbour Reserve
- Transport upgrades with the new B-Line Rapid Bus Service and the future Beaches Link Tunnel to the Sydney CBD
- Highly demanded suburb with strong growth and affluent demographic

‘Pearse's Corner’, Balgowlah will be made available for sale via expressions of interest closing on Wednesday, 28 February 2018 at 4:00pm.

*Approximate

For further details please contact the exclusive CBRE selling agents.

Aaron Arias
Metropolitan Investments
0403 674 599

Toby Silk
Metropolitan Investments
0422 143 8...

Nicholas Heaton
Metropolitan Investments
0408 025 0...

Property ID: 502696242Last Updated: 20 Mar 2024

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