Presenting a lucrative opportunity in a prime Maroubra Junction address, this R3 Zoned site occupies a generous 2700sqm approx. of land across four titles. Holding a prominent corner position on a premium parcel, it offers incredible scope for a high end medium density development under current planning controls and within the low & mid rise housing policy reform precinct.
This is a truly exciting, once-in-a-lifetime chance for, developers and investors looking for the ultimate investment opportunity in a high growth location, with exceptional prospects and future development upside, in line with planning reforms to be announced from state government in late 2024!
With its coastal appeal, rapidly growing amenities and current residential drivers, Maroubra is fast becoming one of the most desirable areas in Sydney's eastern suburbs for both commerce and lifestyle. Providing vibrant village surrounds and exceptional connectivity, Maroubra Junction benefits from easy access to an array of beaches, shopping centres, schools, universities, hospitals and arterial roads.
- Land parcel encompasses 2,779*sqm across 4 separate titles
- Rare and highly sought-after development or investment opportunity
- Lucrative prospects with endless development potential
- Superb commercial premises + 3 stunning refurbished residences
- Commercial premises is a DA approved mechanical workshop
- Featuring up to 24 onsite car parks, including a rooftop zone
- 100% tenanted making it ideal for developers and planning
- Zoned R3: Medium Density and unencumbered by easements
- 56m Maroubra Road frontage + 52m Garden Street frontage
- Height limit 12m, FSR 0.9:1 + scope to unlock further planning (STCA)
- Approximately 280 metres from Pacific Square Shopping Mall
- Just 2km (5 min drive) to Maroubra Beach, close to transport
- Within Low & mid rise NSW state planning policy reform precinct
- Proposed planning increase FSR: 2.2:1 & 21m Height ( due late 2024)
