292-298 Willoughby Road Naremburn NSW 2065

CBRE as the exclusive sales agent, is pleased to present 292-298 Willoughby Road, Naremburn to market. Commanding a significant presence in Naremburn's Town Centre and directly opposite to the M1 Freeway entry & exit ramp, the property presents a unique opportunity to acquire a freehold land rich investment with significant development upside on Sydney's prestigious Lower North Shore.

292-298 Willoughby Road benefits from the following key features:
- Significant land holding of 806sqm*
- Flexible planning controls providing for a potential future mixed-use residential development (STCA)
- Earmarked for an increase in FSR and height limit under the Willoughby Local Centres Strategy to 2036 - Naremburn Town Centre
- Potential GFA of 1,290sqm* under the Willoughby Local Centres Strategy to 2036 - Naremburn Town Centre
- Prominent 19.6m* frontage to Naremburn Town Centre amongst bustling shops. Benefiting from a council car park directly out front
- Significant diversified holding income from multiple tenancies
- Net Holding Income: $315,941.92* per annum
- Tenants pay 100% of outgoings
- Demolition clause in all leases to enable future development
- Rear lane providing access to tenant car parks and access for future development
- Lifestyle focused location in proximity to a wealth of amenity including retail centres, employment, restaurants, transport, luscious reserves and schools

For more information, to arrange an inspection or to request access to the due diligence room, please contact the exclusive selling agents.

*Approximate. Outline & labels indicative