164-166 Willarong Rd Apartment Building $9,944,340 Caringbah, NSW 2229

An exceptional opportunity exists to secure a substantial high-density residential development site in the heart of Caringbah, one of the Sutherland Shire’s most dynamic and rapidly evolving precincts. This expansive 2,447 square meter parcel comprises two adjoining near-level sites, each currently improved with existing apartment blocks, and is offered as one consolidated holding. Zoned R4 High Density Residential, the property supports a maximum floor space ratio of 2.2:1 and a building height of up to 22 meters, subject to council approval, providing significant scope for a landmark residential project.
Strategically positioned just 400 meters from Caringbah Railway Station, the site offers seamless connectivity to Sydney CBD and surrounding employment hubs. Residents will enjoy proximity to Westfield Miranda, only 2.6 kilometers away, and the iconic Cronulla Beach, just 4.2 kilometers from the property. The location also benefits from nearby healthcare facilities, including Sutherland and Kareena Hospitals, as well as a range of quality schools and recreational amenities.
This site complies with Transport Oriented Development (TOD) criteria and offers potential for an additional 30% floor space allowance for affordable housing, subject to council approval. With strong demand for residential dwellings in the Sutherland Shire and limited supply of comparable development opportunities, this property represents a rare chance to capitalize on a tightly held market and deliver a premium residential offering in a highly sought-after location.