365 Pacific Hwy 1,399 SF 100% Leased Retail Building Asquith, NSW 2077 For Sale

This rare freehold property offers a unique investment and development opportunity in the heart of Asquith, directly opposite Asquith Train Station. The site benefits from E1 Local Centre zoning, allowing for both commercial and residential use, with an approved height limit of 32.5 meters (up to 10 levels). Development Approval (DA) and Construction Certificate (CC) have commenced, enabling the addition of six residential units and a community room, making this an attractive option for developers seeking immediate upside.
Currently configured as a two-level building, the ground floor is occupied by a well-established restaurant with a new 3x3-year lease, while the upper level is leased to a long-term residential tenant, providing secure holding income. The property features front and rear access, convenient on-site parking, and excellent exposure along Pacific Highway. Positioned within a tightly held precinct surrounded by high-density residential developments, this asset offers strong long-term growth potential.
Located just steps from Asquith Station and minutes from Hornsby’s major retail and transport hub, the property enjoys high pedestrian and vehicular traffic, supported by nearby amenities including Coles supermarket, healthcare facilities, and key arterial routes to Sydney CBD and the Central Coast. This is an exceptional opportunity for investors or developers to secure a property with immediate income and significant redevelopment potential.