Ray White Commercial (SC) is pleased to present to market an outstanding DA approved development opportunity in the heart of South Sydney's St George region. The property, located at 176-178 Princes Highway, Beverley Park, will be offered for sale via Expressions of Interest closing Thursday, 13 June 2024, unless sold prior.

This boutique development site boasts an approval for the construction of 25 generously proportioned units over six stories. Thoughtfully designed by Loucas Architects, the unit mix provides for a considered selection of floor plates to attract both owner occupiers and investors to the finished product.

The site is located in Beverley Park (St George Area), which attracts both families and professionals drawn by the area's convenience, accessibility and amenities. The suburb is easily connected to Sydney CBD by nearby accessible public transport hubs such as Allawah, Kogarah and Carlton train stations.

Additional highlights of the asset include:

• DA approved for 25 residential units
• Favourable unit mix including 72% of 2-bedroom and 3-bedroom units
• Generous internal areas with large balconies for individual units
• Creatively designed by Loucas Architects
• Holding income from existing improvements
• Strong population projection for the surrounding LGA, creating need for additional housing
• Short distance to Carlton and Allawah Train Stations
• 1.5km* to St George Hospital
• 15km* to Sydney CBD

176-178 Princes Highway, Beverley Park is offered for sale via Expressions of Interest closing on Thursday, 13 June 2024 at 12pm (AEST).

For further information, please contact the exclusive selling agent below.

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