SOLD PRIOR TO AUCTION
DA APPROVED - 18 UNITS + 2 RETAIL
Prominently positioned in a popular lifestyle location, this site with DA Approval for a 2 retail and 18 residential complex provides the opportunity to capitalise on this strong growth area. Located on the corner of South Dowling Street and Murray Street, directly opposite Moore Park Supa Centre and Moore Park Golf Course, and footsteps to the new light rail line, this prime site is moments to Centennial Park, Sydney Cricket Ground, Entertainment Quarter, Randwick Racecourse and a wealth of cafes and restaurants, with direct transport links to the City, North Shore and airport.
• The 588.5sqm site has Approved Development Application for demolition of the existing structure and construction of a seven-storey mixed use development with two levels of basement parking
• The development has an approx. 21.095 metre frontage to South Dowling Street providing two high profile ground floor retail/commercial premises of 77.5sqm and approx 56sqm, as well as a one-bedroom apartment to the rear
• The upper levels provide a mixture of one bedroom and two-bedroom apartments ranging in size from 50sqm to 88.6sqm internal area with north-facing balconies, as well as a spectacular 119sqm 3-bed 2-bath penthouse with wraparound balcony
• The development has approval for a maximum of 21 off-street car parking spaces over two levels (Amended 14 January 2016) made up of 15 residential spaces, 4 visitor and 2 commercial/retail, accessed via Murray Street
• The sleek contemporary design features aluminium cladding, brickwork, render and paint, glass balustrades and decorative metal screens, with a wide awning to South Dowling St
• The site is currently occupied by an Art Deco brick two-storey retail terrace with upper level residential for passive income stream
• As part of the Green Square urban regeneration initiative, this thriving Inner City area offers a wealth of local cafes and bars, Coles supermarkets and the Supa Centre, and is convenient to University of NSW
• It’s metres to the new CBD and South East Light Rail line, due for completion in 2018, and convenient to the new Waterloo metro station to be built between Botany Rd and Cope St
• City, Artarmon and Botany buses are around the corner, Green Square rail is a 20 minute walk away and major road routes to the City, north, airport and south are at the door
• One of the few remaining development sites in this parkland corridor, with DA Approval, it’s a fast track opportunity that’s ready to start construction.
Please visit this URL for 3D Interactive building and development plans: http://snaa.pl/southdowling
Auction: 30th August 2016
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