Freehold Commercial Building With Development Upside
Rarely does an opportunity like this arise to secure a commercial asset fronting Cronulla mall. The property has great exposure with added rear lane access and huge scope to develop. Now is the perfect time to get into the Cronulla market with a huge amount of development and amenity being brought into the area.
- ‐ Freehold commercial building on Cronulla mall
- ‐ Site area 304m2, floor area 160m2 approx.
- ‐ B3 Commercial Core, 2:1 FSR, 20m height limit
- ‐ Approx. $124,000 net return per annum
- ‐ 250m to beach, 500m to train station
- ‐ High profile position
- ‐ Development potential
- ‐ Possibility to increase rental returns