Ray White Commercial proudly presents 37 Station Street, Engadine, a dual-level commercial opportunity with boundless potential hitting the market for the first time in over 50 years. The vendor's instructions are clear, the property will be sold at Auction on 11 April 2024, unless sold prior.

This standout asset boasts a coveted corner position, basement level storage, rear parking and a flexible floor plate, providing a blank canvas for a diverse range of owner occupiers or investors looking to acquire a high exposure asset with promising future capital growth. Offering flexible planning controls, including E2 - Commercial Centre Zoning, the property presents an excellent opportunity for repositioning or redevelopment (S.T.C.A).

Engadine, strategically located approximately 33km south of the Sydney CBD, is identified as a Major Local Centre in the Sutherland Shire's Local Strategic Planning Statement. Further, the Engadine Town Centre plays a vital role in providing local services to its surrounding 17,800 residents.

Additional highlights of the asset include:
• Land Area: 228 sqm*
• Internal Area: 120 sqm*
• Stable holding income with potential for further lease negotiation
• High exposure corner site providing strong advertising opportunities
• Flexible development controls allowing for repositioning or redevelopment, subject to council approval
• Lower ground storage area which can be repositioned for parking or additional income stream
• Zoned E2 - Commercial Centre
• Height Limit: 20m
• FSR: 2: 1
• Located in the heart of the Engadine Town Centre and opposite the Engadine Tavern
• 190m* to Engadine Station

The property is offered for sale via Auction on Thursday 11 April 2024 at 10am (AEST). The Auction will be held at Ray White Corporate, Level 7, 44 Martin Place, Sydney NSW 2000.

* Approximately
^ Subject to Council Approval