Secure Investment with Approved Development Upside
62-66 Coonanbarra Road, Wahroonga NSW 2076
Last Asking Price - $8,000,000
Commercial LandSize: n/a
Block size: 1027 m² approx.
Offered for the first time in 35 years, Colliers is privileged to introduce 62-66 Coonanbarra Road; a unique opportunity to acquire a secure investment boasting multiple income streams and approved development upside.
Architecturally designed by Sir John Sulman in c.1894, the building comprises of three retail tenancies distributed across two floors (ground & basement), with a two bedroom apartment occupying the first floor. Additionally, the property features vacant land at the rear fronting Millewa Lane, complete with development approval for 2 x four bedroom townhouses and conversion of the roof space into a luxury 3 bedroom unit.
Key Highlights: + 1,027 sqm site with dual street frontages + Secure income stream from multiple tenants + DA approval for 2 x 4-bedroom townhouses and a 3-bedroom luxury apartment at the rear + Land-constrained market supported by strong fundamentals & limited supply + Affluent suburb benefitting from an abundance of nearby amenity + 150m from Wahroonga Bus & Train interchange + Convenient connectivity to major arterial roads including the M1, M2 & NorthConnex + Potential for future development uplift given <400m from Wahroonga Train Station, in line with the State Government's draft new SEPP / low to mid-rise Housing Reforms (STCA)
For Sale via Expressions of Interest Closing Thursday 7 March 2024 at 3:00pm (AEDT)
For further information and/or to arrange a private inspection, please contact the exclusive selling agents.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Tom Appleby to learn more about this property, request an inspection or take an online tour.
Sorry, overlays are not available for this address
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
20 Mar 2024
Sold
Colliers International - North Sydney
Listed: 05/02/2024
Block size: 1027m²
Transfer type: Full transfer
Wahroonga suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
46 years
Population
17,853
Listing ID: 182270500. This listing has been viewed 1 time. It was first displayed on 05/02/2024 and last updated on 20/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.