38 Auburn Street, Sutherland represents an opportunity to acquire a boutique DA approved development site for the demolition of the existing residential dwelling and construction of a contemporary four-storey apartment block over two levels of basement containing secure parking and storage facilities. Comprising a total of 22 oversized apartments and 39 parking spaces, this approved development has a diverse unit mix and is designed to take full advantage of the natural light and spacious living. The approved site provides ample opportunity for developers to capitalise on the notably low 1.6% rental vacancy rates^ which will ensure holding income upon completion of construction.

38 Auburn Street, Sutherland is an ideal development site that enjoys a commanding, near-to-flat land parcel of 1,348sqm* with a 20m* frontage to Auburn Street. The property’s flexible planning controls under the Sutherland Shire LEP 2015 including the R4 High Density Residential, 1.5:1 FSR and 20m HOB provide this development site with a vast array of opportunity.

38 Auburn Street, Sutherland benefits from the following key attributes:

•DA approved for 22 apartments and 39 car spaces
•Approved NSA of 1,792sqm*
•Generous land offering of 1,348sqm*
•R4 High Density zoning | 1.5:1 FSR | 20m Height of Building Limit
•20m* frontage to Auburn Street
•Opportunity for developers to capitalise on the notably low 1.7% rental vacancy rates
•Moments from Sutherland Train Station, Clio Street Bus Services & Sutherland Shopping Village

38 Auburn Street, Sutherland will be sold via Auction on Tuesday the 5th of July 2022 at 10:30am.

Please contact the exclusive agents for further information or to arrange an inspection.

*Approx. ^SQMResearch