A strategic 1,301sqm corner landholding situated on one of the Sutherland Shire’s most prominent intersections is being sold via an Expressions of Interest campaign (EOI) ending on Thursday 27th April, 2023 at 3pm (AEST).
Colliers’ Trent Gallagher and Edward McFarland have been appointed to sell 244-246 Taren Point Road, Caringbah on behalf of a private vendor. The property has strong short-term holding income, which represents an excellent opportunity for any savvy investor, developer, or owner occupier to purchase a freehold asset.
The property provides excellent street access via a wide driveway fronting Taren Point and Captain Cook Drive, with a prominent combined street exposure of approximately 71.5 metres. This impressive two level commercial building totalling 570 sqm, features a large hardstand area, exclusive customer carpark totalling 13 car spaces, expansive ground floor open plan retail/showroom area, first floor commercial space plus a large rooftop area and warehouse with loading dock access.
“Taren Point Road is the most highly sought after street within the Sutherland Shire commercial/industrial precinct” Mr Gallagher said.
“This property sits on the eastern side of Taren Point Road and benefits greatly from the B5-Business Development zoning that allows for bulky good retail which demands significant uplift in rental and sale values.”
“This is one of the only streets in the entire Sutherland Shire LGA that allows for this zoning and we expect very strong demand from investors, developers and owner occupiers who will look to capitalise” Added Mr McFarland.