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Overview
Exceptional Development Opportunity in the Heart of Caringbah CBD
An exceptional and rare opportunity is available to acquire a substantial high-density residential development site located in one of the most vibrant and rapidly growing precincts within the Sutherland Shire. This offering comprises two adjoining near-level sites combined into one expansive parcel, making it an ideal prospect for developers and investors aiming to capitalize on the strong demand for residential dwellings in the area.
Key features of this property include zoning under R4 - High Density Residential, with a total land size of approximately 2,447 square metres. The site allows for a maximum Floor Space Ratio (FSR) of 2.2:1, subject to council approval, and a building height of up to 22 metres, equivalent to six storeys, also subject to council approval. Currently, the two near-level sites are improved with existing 6 and 8-unit apartment blocks, each having its own street frontage.
- Located approximately 400 metres from Caringbah Railway Station, providing excellent public transport access.
- Only about 2.6 kilometres from Westfield Miranda, a major shopping and entertainment centre.
- Approximately 4.2 kilometres from the iconic Cronulla Beach, offering recreational and lifestyle benefits.
- Potential for an additional 30% affordable housing allowance, subject to council approval.
- Complies with Transport Oriented Development (TOD) criteria as outlined by Planning NSW, enhancing its development potential.
The property is perfectly positioned within walking distance to Caringbah's retail and dining precinct, offering convenient access to a variety of amenities. It also provides quick access to Sydney CBD via the Eastern Distributor. Nearby facilities include Sutherland Hospital, Kareena Hospital, Caringbah Selective High School, Endeavour Sports High School, several private high schools, local parks, and swimming pools.
This site benefits from its central location, strong surrounding infrastructure, and the immense lifestyle appeal of the Sutherland Shire, making it a compelling investment opportunity in a tightly held pocket of Sydney.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Caringbah NSW 2229
Market Insights for Caringbah NSW 2229
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