258 Kingsway

Caringbah NSW 2229

Positioned in one of the Sutherland Shire's key growth precincts, this exceptional 904.2sqm (approx.) R3 Medium Density Residential site presents a rare opportunity to secure a potential apartment development site within approximately 400 metres of the Caringbah Town Centre boundary. Eligible for the planning controls available under the NSW Government's Low and Mid-Rise Housing Policy (S.T.C.A.), this outstanding corner site offers exciting redevelopment potential in a highly sought-after location, just moments from Caringbah Station, shops and essential amenities.Property Highlights:- Generous 904.2sqm (approx.) level corner site with significant redevelopment potential.- Currently zoned R3 Medium Density Residential.- *Potential Floor Space Ratio (FSR) of up to 2.2:1- *Potential building height of up to 22 metres (approximately six storeys). - Positioned within approximately 400 metres of the Caringbah Town Centre boundary.- Potential development controls under the NSW Low and Mid-Rise Housing Policy (S.T.C.A.).- Prominent corner site offering exceptional design flexibility and development potential (S.T.C.A.).- Existing improvements provide potential holding income while future plans are considered.- Walking distance to Caringbah Railway Station, shopping precinct, cafs and restaurants.- Convenient access to schools, medical facilities and major transport links.- A rare opportunity to secure a medium-sized development site in one of the Sutherland Shire's fastest evolving residential precincts.- Plentiful off-street parking and unrestricted street parking.Additional Information:- Potential Low & Mid-Rise Housing Policy benefits apply, subject to confirmation & all relevant approvals. - Purchasers should rely on their own enquiries & independent planning advice regarding development potential. - Currently generating rental income with tenants occupying under a periodic lease.Location Highlights: - Approximately 400m to the Caringbah Town Centre boundary * - 11-minute walk to Caringbah Railway Station. - 3-minute drive to Caringbah Shopping Village & Woolworths.- 4-minute drive to Sutherland Hospital and Kareena Hospital.- 6-minute drive to Cronulla Beaches and cafes.- Conveniently positioned close to quality public and private schools. * Development potential, planning controls and applicable floor space ratio and height limits are subject to the NSW Low and Mid-Rise Housing Policy, Sutherland Shire Council requirements and all relevant statutory approvals. Purchasers should undertake their own due diligence and seek independent planning advice.