386-412 Princes Highway, Rockdale

Outstanding opportunity to secure a prime amalgamated site, combining 4 commercial sites along Princes Highway and located within the Rockdale Town Centre (Area A). Ideal for mixed-use commercial/ luxury residential development with water views to Botany Bay from the upper levels of a potential multi-storey development (STCA), with the flexibility to purchase them together or individually. On the opposite side of the road, 395 Princes Highway, 401-405 Princes Highway has developed an 11-storey building. HIGHLIGHTS * Three existing two-level commercial buildings and an additional large single commercial building with a large open hardcourt area. * Triple street frontage 185 metres – Princes Hwy & King rear & King side lanes * Strong rental return potential for buy-and-hold investors * Approx. 1,855 sqm land area (subject to survey)* * Zoned MU1 Mixed Use * Bayside Council LEP 2021 (updated 21 April 2023) * Height allowance up to 28m* * No Floor space ratio * No Heritage and not in a conservation area * Hold Income $270,000** Superb Location Near the Following: ✔ Rockdale Station & Bus Interchange 500 metres ✔ Rockdale shopping & dining precinct 200 metres ✔ Sydney International Airport 10-minute drive ✔ Easy access to M1, M5 & M8 motorways 5-minutes drive • Reliable Income Stream: Currently generating $270,000 p.a.** from established residential and commercial leases, offering immediate cash flow and helping to offset holding costs during the planning and approval stages. • Strong Market Fundamentals: Located in a resilient local market with a low vacancy rate of just 1.5%, a solid median unit yield of 5.1%, and forecast population growth exceeding 70,000 by 2036. • Infrastructure-Driven Growth: Situated within the Bayside West Precincts 2036 Plan zone, the site stands to benefit from $10 million in government investment in transport, green spaces, and community amenities. Unlock the potential of this premier site and create Rockdale's next iconic mixed-use development. Ideally suited to luxury apartments, healthcare or childcare developers, or build-to-rent operators targeting young professionals. This is a real opportunity to secure an outstanding gateway development site in the City of Rockdale Contact Dean Haustead at Stone Real Estate to receive the additional Information. * Approximate ** Conditions