An outstanding opportunity to secure this property with existing commercial and residential accommodation, and DA approval for 8 brand new serviced apartments. Alternatively, explore the option of amending current plans and tap into its enormous potential with a range of options to redevelop or reposition.
Split over two levels, the ground floor consists of two retail shops, while the upstairs area provides a living room, kitchen, bathrooms and 7 bedrooms, making this property suitable for a variety of uses.
The property is within close vicinity of Sydney Airport, only 10km from Sydney CBD, offers easy access to the M5 Motorway, WestConnex and Princes Highway, and is just walking distance to Tempe railway station.
> Currently two ground floor retail premises with 7 bedrooms upstairs
> DA approved for 8 x serviced apartments
> Approximate land size of 264sqm
> Kitchen and bathroom facilities on both levels
> Substantial rear yard/courtyard area
> Ideal position 500m from Tempe Station and 1.6km from Sydenham Station
> Near various popular businesses including IKEA, The Good Guys, Decathlon, Harley Davidson, Tempe Tyres and Harry’s Café De Wheels
> Directly opposite Sydney Transit Bus Depot and 950m to Wolli Creek Woolworths
> 290m from the approved Bunnings Tempe site
> Zoned B6 Enterprise Corridor
> Potential to explore amendments to current approval or alternate redevelopment strategies
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842-844 Princes Highway, Tempe,
New South Wales, 2044