Kareela 147A Garnet Road

Development Highlights

• ‐ Blank canvas development opportunity spanning an expansive land area of 9,463 sqm*
• ‐ Valuable Planning Proposal and DA approval which has successfully rezoned the land (proposed Lot 104 in Deposited Plan 1279999) to R2 – Low Density Residential with "additional permitted use"
• ‐ Additional permitted use for the land provides clearly defined planning controls to create a 16-metre residential project yielding 6,624.1 sqm* of GFA (STCA)
• ‐ Exceptionally rare offering, one of only two freehold land holdings above 9,000 sqm in the Sutherland Shire LGA which permits residential flat buildings or townhouses
• ‐ Unique development offering superb optionality for a wide array of end uses that perfectly cater to meet downsizer, first home buyer and community demand
• ‐ Potential to capture vast district and tranquil bushland view corridors
• ‐ Highly affluent demographic evident by the median weekly household income of Kareela being 30%* above Greater Sydney's and 47%* of dwellings in the suburb owned outright²
• ‐ Surrounded by an abundance of amenity, ranging from local transport (bus and rail services), retail (Kareela Village), leisure (Kareela Golf Club), health facilities and education amenity
• ‐ Approximate