398-402 Kingsway & 27 Filde Street Caringbah NSW 2229

Colliers, is pleased to offer for sale 398-402 Kingsway & 27 Flide Street, Caringbah. Strategically positioned within the esteemed Caringbah medical and residential precinct, this prime development opportunity at 398-402 Kingsway & 27 Flide Street, Caringbah, presents an exclusive chance to capitalise on the growing demand within the Sutherland Shire and Caringbah markets.

Boasting unparalleled access to local resources, excellent transport links, a large affluent population and a thriving business ecosystem, this property offers immense potential as a mixed-use residential/medical development.

Key features include:

- Total land area 2,415.6m² across four titles
- Development approved medical facility comprising 5,030m² of Gross Floor Area and 142 car parks over 6 levels
- Additional mixed-use development concept incorporating 54 apartments and 1,250m² of medical services accommodation with 119 basement car parks
- The scheme benefits from the Affordable Housing (Housing SEPP), allowing for a 30% FSR and height bonus
- Existing short-term holding income of $125,060 per annum
- Caringbah has a proven apartment market with strong pre-sale activity and extremely high tenant demand spurred by robust population growth
- Strategic location with excellent proximity to schools, hospitals, Caringbah train station and Miranda Westfield

All figures are approximate.

398-402 Kingsway & 27 Flide Street, Caringbah will be offered for sale via an Expressions of Interest campaign, closing Wednesday, 9th October 2024 at 3:00pm (AEDT).

Should you require any further information or have any inquiries, please do not hesitate to contact the Colliers selling agent.