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29 Terminus Street
Castle Hill NSW 2154
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Sold on 19 Sep 2024

29 Terminus Street Castle Hill NSW 2154

  • Offices
  • 285 m²
  • Sold, $0

RARE FREEHOLD INVESTMENT OPPORTUNITY WITH DEVELOPMENT UPSIDE

  • Land Area: 738sqm approx
  • R1 General Residential Zoning
  • 600m approx to Castle Hill Metro Station

UNDER OFFER

We are pleased to present 29 Terminus Street to the market - a rare opportunity to acquire a freehold office building with potential development uplift suitable for both commercial and residential development in a prime location within Castle Hill.

An unparalleled investment opportunity not to be overlooked, 29 Terminus Street, Castle Hill benefits from the following key features:
- Approx 738sqm land area (approx 18.3m frontage x 40.1m depth)
- Double-storey building with 12 car spaces
- Approx 141sqm ground floor fitted out office with lease expiry 30 June 2024
- Approx 144sqm first floor fitted out office with lease expiry 30 April 2026 ($72,972+GST gross pa rent, 3 months bond, Greater of CPI or 3.5% rent reviews)
- Approx $24,000+GST outgoings
- Planning controls of R1 General Residential zoning, 16-metre height limit, and 1:1 FSR
- Favourable proposed 2:1 FSR under the NSW Government Department of Planning and Environment's Explanation of Intended Effect: changes to create low-and mid-rise housing
- Suited to various development options including business premises; child care; hotel or motel accommodation; multi dwelling housing; neighbourhood shops; office premises; residential flat buildings; respite day care centres; restaurants or cafes; seniors housing; shop top housing and more (STCA)
- Opposite The Hills Shire Council's strategic holding of the University of Canberra's campus, Terminus Street car park, and Castle Mall, which is earmarked for future development.
- Approx 600 metres from Castle Hill Metro Station and bus stands
- Close to Castle Towers shopping centre, home to over 300 stores, including major retailers David Jones, Myer, Target, Kmart, Coles, Aldi, Uniqlo, Apple, Mecca, and JB HiFi. Also features dining and entertainment options with 15 restaurants, Event Cinemas, iPlay, Strike Bowling, Holey Moley, and more.

Ground floor 141 sqm available for lease at $77,550 net + $12,000 estimated outgoings + GST pa. Four (4) exclusive car parking spaces and two (2) shared, including one (1) disabled.

Open for inspection Wednesday 22 May 2 pm.

For sale by expression of interest, by COB 30th May 2024, unless sold prior.

For more information, please contact the exclusive sales agent.

Coutts Northwest
Coutts Northwest
5.10/12 Century Circuit
Norwest, NSW 2153

Property Highlights

Date Sold19 Sep 2024
Sold Price$0
Floor Area285 m²
Land Area738 m²
Parking12 x Onsite parkings
Property ID2019201384
Category
Last updated  19 Sep 2024
Map for 29 Terminus Street Castle Hill NSW 2154

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Coutts Northwest
Coutts Northwest
5.10/12 Century Circuit
Norwest, NSW 2153

Property Highlights

Date Sold19 Sep 2024
Sold Price$0
Floor Area285 m²
Land Area738 m²
Parking12 x Onsite parkings
Property ID2019201384
Category
Last updated  19 Sep 2024

Listed by

More about 29 Terminus Street Castle Hill NSW 2154

29 Terminus Street Castle Hill NSW 2154 is categorized as Office. It has a floor area of 285 m². There are 12 x onsite parkings.The listing ID for this property is 2019201384.

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