A Landmark Opportunity to Purchase Caringbah Marketplace in Sydney, Set to Redefine the Sutherland Shire Landscape

ALDI are selling their Caringbah landholding, offering an incoming purchaser the opportunity to develop an ALDI anchored mixed use project within inner Sydney.  

JLL have been exclusively appointed to market for sale Caringbah Marketplace at 287 Kingsway Caringbah NSW, a strategic 1,815sqm landholding representing one of Sutherland Shires most prolific opportunities to have come to market. 

Located at the centre of Caringbah’s rapidly evolving precinct, the site presents as both a defensive, retail asset and a transformative development opportunity, underpinned by a proposed long lease to supermarket giant ALDI offering long term income security.  

JLL’s Senior Executive of Retail Investments – NSW, Sebastian Fahey, said “Supermarket development sites are becoming increasingly rare in Sydney with Caringbah Marketplace located 23kms from Sydney CBD and only 2.7kms from the world famous Cronulla Beach. We anticipate strong interest in the Caringbah site from a diverse range of investors including international, interstate and local developers, drawn to the sites potential ALDI income stream, in addition to substantial mixed-use potential across residential and student accommodation”. 

Strategically positioned just 500m from Caringbah Station and world-famous Cronulla Beach, the site benefits from outstanding connectivity via the T4 Eastern Suburbs & Illawarra Line providing direct CBD access in approximately 40 minutes. This prime location draws from the wider Sutherland Shire region of over 235,000 people, ensuring strong and consistent customer traffic. 

JLL’s Senior Executive of Retail Investments – NSW, David Mahood, said “Over the last 5 years, Caringbah has seen a transformation in demand and has become a core Sutherland Shire precinct, driven by strong growth fundamentals with demand in surrounding suburbs Cronulla and Sylvania Waters overflowing into the Caringbah precinct. Caringbah’s robust demographic profile includes forecast population growth of 1.95% annually and household income 27% above NSW average, making it highly attractive to families and professionals” Mr Mahood added.   

The site’s E2 Commercial Centre zoning presents an exceptional development opportunity with generous planning controls including 25m maximum height allowance and 3:1 floor space ratio potential, enabling up to 5,445 sqm of achievable gross floor area. This zoning flexibility enables a landmark mixed-use development that maintains strong retail fundamentals while capturing significant value in one of Sydney’s most tightly held submarkets. 

Not only are there strong fundamentals in the residential apartment market, but also the last three years have seen a boom of co-living and student accommodation demand from occupiers and investors.  

JLL’s Head of metropolitan investments, Dylan McEvoy, said “There is potential to not only capture on the traditional apartment development, but also student accommodation with the appeal they offer a greater density on-site and provide investors with a diversified cash flow from the traditional multi-unit projects. This provides market exposure to private investors and smaller funds seeking to capitalise on rising residential rentals as the demand for medium-term accommodation snowballs in an undersupplied residential market” Mr McEvoy said.  

Caringbah Marketplace NSW is for sale via an Expressions of Interest campaign closing Wednesday, 27^th August 2025.