Pre & Post Proposed Development:
Attribute | Existing | Post-development |
Site Area | 1,794 m2 | 1794 m2 |
Residential | 3588 m2 | |
Commercial Rental | 2110 m2 | |
Ground-floor Commercial Space | 461 m2 | 897 m2 |
Total | 2562 𝐦2 | 4485 𝐦𝟐 |
Existing Property:
▪ Three (3) above-ground floors for commercial use and a basement level for parking, with
total 46 parking spaces.
▪ Current net leasable area includes 2,110 sqm for office space and 461 sqm for street-level retail, with a total leasable area of 2,562 sqm.
▪ Key tenants include long-term leases, including a medical center, local post office,
pharmacy, and a sports rehabilitation center. The current occupancy rate is 62.4%.
Post-development:
▪ The site is located within the Local Environmental Plan Amendment 2012 (LEP) and has a
flexible E1-Local Centre zoning, which allows for a development uplift with a Floor Space
Ratio (FSR) of 2.5:1 and a height limit of 20m.
▪ Based on these planning requirements, the proposed development can be a mixed-use
commercial and residential project, with a total developable building area of 4,485 sqm,
including approximately 3,588 sqm for residential use and 897 sqm for ground-floor
commercial space.