470-472 Anzac Parade, Kingsford, NSW 2032

Ray White Commercial Eastern Suburbs and Ray White Double Bay are excited to present to market 470-472 Anzac Parade, Kingsford, being sold via Public Auction.

This exceptional freehold building is perfectly positioned on Anzac Parade in Kingsford's bustling shopping precinct and strategically positioned within walking distance to the UNSW Campus, Prince of Wales Hospital, nearby Kingsford Light Rail Station and well-connected public transport hubs. 

The property is located within the Kensington to Kingsford Planning Strategy precinct (K2K) offering favourable planning controls and incredible development potential in one of the fastest growing residential precincts in Sydney's Eastern suburbs.

Investment Highlights: 

- 2 level freehold comprising a ground floor restaurant and 2 x 2 bedroom apartments
- Ground floor leased to established Malaysian Restaurant operator with 2 existing locations
- Both units are renovated with timber flooring, modern kitchen, air conditioning + internal laundry facilities
- Annual Income: $173,000 per annum (approx.)

Development Highlights:

- Land Size: 285m2 (approx.) | Existing Building Area: 256m2 (approx.)
- Current FSR 3:1 with potential uplift to 4:1 (K2K Planning Strategy)^
- Current Height Limit: 24m with potential uplift to 31m (K2K Planning Strategy)^
- Potential Building Area: 855m2^ (based on current FSR of 3:1)
- Versatile E2 Commercial Centre Zoning

^Subject to council approval

Auction Details

Date: Wednesday November 13th, 2024
Location: Ray White Corporate Office, Level 7, 44 Market St Sydney NSW 2000
Time: 10:30am (AEDT)

For further information, please contact the exclusive selling agents below.