Sydney, 8 April 2015 – CBRE has been appointed to sell a site of significant development potential in the heart of one of the Central Coast’s most popular tourist destinations, Terrigal.
The 10,059sqm site, located at 156 – 160 Terrigal Drive, benefits from a large 77m frontage to Terrigal Drive, expansive beach views and positioning close to retail amenities and transport services.
The site boasts approval for 65 residential units offering a north-easterly aspect and basement parking.
The current vendor acquired the property in the 1980’s and given the high level of buyer interest in the Terrigal area recently it has been deemed an ideal time to divest.
The exclusive selling agents Anthony Bray and Xavier Rahme are selling the site via an Expressions of Interest campaign closing Tuesday, 5 May 2015 at 3pm.
Mr Bray and Mr Rahme said the site’s strategic position in a proven residential and tourist hub would be a key selling factor.
“This unique opportunity is in the desirable Central Coast region, underpinned by major draw cards including iconic beaches, popular amenities such as restaurants and retailers, and expansive transportation networks offering convenient access to and from Sydney,” said Mr Bray.
“The sites expansive development potential coupled with the prime location and beach views will make the sale campaign incredibly competitive,” Mr. Rahme said.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
