Prime Commercial Investment & Development Opportunity
This is an exceptional opportunity to acquire a well-positioned commercial asset with the rare combination of a holding income and DA approval for a brand-new office development. Don't miss this rare and unique opportunity in this Blue-Chip location.
High Points
- ‐ Fully tenanted with established occupiers, providing secure rental returns from day one. Currently the property is divided up into three tenancies including seven commercial office suites with breakout area and kitchen, and a residential three-bedroom apartment with separate lounge and dining area.
- ‐ DA approved plans in place for a 365.9sqm modern, architect-designed office building with four car garage, unlocking significant future value.
- ‐ Development upside with the potential to further enhance the site (STCA) to suit a range of commercial or mixed-use outcomes.
- ‐ Prime location situated in a high-exposure position with excellent access to transport, retail, and business hubs.
Property Particulars:
- ‐ LOT 5
- ‐ DP 21753
- ‐ COUNCIL Georges River Council
- ‐ LAND SIZE 436.3sqm
- ‐ ZONING E1 Local Centre
- ‐ PERMITTED USES WITH CONSENT
- ‐ FLOOR SPACE RATIO 2.5:1
- ‐ PERMISSIBLE HEIGHT 21 metres
CURRENT LEASES
- ‐ 1a & 1b Torwood Street, Sans Souci $47,677.44 Inc GST PA (ongoing, no fixed term)
- ‐ 257 Rocky Point Road $26,000 PA
(ongoing, no fixed term)
Total income $73,677 Inc GST PA
- ‐ **Please note a rental increase has just been agreed and is proposed to take effect April 2026 taking the new total rent to $86,720 Inc GST PA***
OUTGOINGS Council Rates: $975.60 per qtr
Water Rates: $462.57 (Fixed charges) per qtr
$341.76 (usage) per qtr approx.
CURRENT DEVELOPMENT APPROVAL
Commercial Office
Internal Area's
Ground floor (Including 4 car garage) = 182.3m²
First Floor = 183.6m²
External Area's
Ground floor (Including driveway & porch etc) = 221.3m²
First floor external area = 11.5m²
Development Application PAN-56537
Development Approval #2020/0561 (Approved 13/07/21)