277-291 A N Z A C PA R A D E KI N G S F O RD
ARTIST’S IMPRESSION 2
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Ex ec u tive S u m m ar y ADDRESS
277 – 279, 281, 283, 285, 287 and 291 Anzac Parade, Kingsford Lots 1-10 SP52836 Lot 3 DP129966
TITLE DESCRIPTION
Lot 11 DP716333 Lot 12 DP716333 Lot A DP394221 Lot B DP394221
SITE AREA
1,573 sqm* The suburb of Kingsford is a vibrant and energetic suburb located approximately 6.5 kilometres south of the Sydney CBD & approximately 5 kilometres east of the Sydney Airport. The property is easily accessible from the CBD along Anzac Parade in approximately 15 minutes by car. The property is perfectly positioned within the Kingsford Town Centre and is located close to the following;
LOCATION
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University of NSW is a short 300m walk
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Kingsford Light Rail Station is diagonally opposite
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Prince of Wales Hospital is within 1.0km
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Centennial and Moore Park are within walking distance
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Various restaurants, shopping centres, entertainment precincts and beaches
LOCAL GOVERNMENT AREA
Randwick City Council
TOWN PLANNING
The Kensington to Kingsford Planning Proposal was gazetted in 2020 amending the planning controls to the following: Zoning: FSR: Height Limit:
METHOD OF SALE
EXCLUSIVE AGENTS
B2 Local Centre 5:1 (6:1 with ARH SEPP) 54 metres or 60 metres with Design Excellence
Expressions of Interest closing Thursday 2nd September 2021 at 4.00pm (AEST) Eugene White Director Residential Development Sites +61 423 021 439 Eugene.White@colliers.com
*All figures and areas quoted are estimates only and are approximate.
Guillaume Volz National Director Residential Development Sites +61 404 887 717 Guillaume.Volz@colliers.com
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I n t rod u c tion Colliers is pleased to offer for sale 277-291 Anzac Parade, Kingsford. A strategic Kingsford Key Site, the property is situated in a prominent position on the corner of Anzac Parade and Strachan Street. Situated in the tightly held Eastern Suburbs of Sydney, this property offers several development options underpinned by the proximity to the newly built Light Rail infrastructure, University of New South Wales (UNSW), Prince of Wales Hospital and extensive public open space. With easy access to Sydney’s CBD, key infrastructure and world class recreational areas, the outstanding central location of 277-291 Anzac Parade is ideally suited to a boutique apartment or student accommodation development. A rare amalgamation opportunity allows a prospective purchaser the opportunity to capitalise on the property’s outstanding location and significant development potential.
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D EVE L O P M E N T H IG H LIG H T S LOCATION Supremely accessible Eastern Suburbs address boasting easy access to UNSW, Prince of Wales Hospital, schools, shopping centres, public transport,Sydney CBD, beaches and world class recreational areas.
STRATEGIC KEY CORNER SITE Situated in a commanding corner position in central Kingsford and nominated by Randwick City Council as a Key Site, the property has been granted superior FSR and height controls in the Kensington to Kingsford Precinct.
THREE STREET FRONTAGES The property boasts two main street frontages plus rear lane access providing outstanding planning options and accessibility.
FLEXIBLE B2 ZONING Flexible zoning allows for a number of uses including residential, student accommodation and retail.
SHOPPING Located in the busy Kingsford retail strip and in close proximity to the popular Royal Randwick Shopping Centre and Maroubra Pacific Fair.
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IDEAL PBSA LOCATION
DEMAND
Within a short walk to UNSW and centrally located to Sydney’s best lifestyle offerings, the property is an ideal Purpose Built Student Accommodation or Co-living development opportunity.
Eastern Suburbs housing remains in extraordinary high demand due it’s aspirational location and outstanding lifestyle.
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LOW SUPPLY
TRANSPORT
Notwithstanding recent increases in demand across Metropolitan Sydney, supply for residential and student housing remains chronically low.
Multiple transport options are available at your door. The Kingsford Light Rail Station is diagonally opposite and a bus stop almost at the front door.
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L ocation With easy access Sydney’s CBD, key infrastructure and world class recreational areas, the outstanding central location of 277-291 Anzac Parade cannot be overstated. The suburb of Kingsford is a vibrant and energetic suburb located approximately 6.5 kilometres south of the Sydney CBD and approximately 5 kilometres north east of Sydney Airport. The subject property is easily accessible from the CBD along Anzac Parade in approximately 15 minutes by car. The newly built Kingsford Light Rail Station is located less than 100 metres from the property and provides direct access to the Sydney CBD and surrounding public amenities. The property is close to Southern Cross Drive and Eastern Distributor on and off ramps for vehicle access to the CBD, airport and both northern and southern suburbs.
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OUTSTANDING LOCATION, MAGNIFICENT LIFEST YLE Following the gazettal of the Kensington to Kingsford Town Centre Planning Proposal, Kingsford Town Centre is set to become a transit-oriented precinct, combining the Light Rail Line with improvements to the public domain. The result will deliver a vibrant attractive tree-lined Anzac Parade promenade providing green spaces with improved restaurant and dining experiences for residents and visitors. The young and multicultural demographic of the area, together with proximity to UNSW, NIDA, Prince of Wales Hospital, Randwick Racecourse and Moore Park will complement the future potential of the Town Centre to provide a quality, contemporary, urban experience - a great place to live, work, study, shop, eat and to visit. The key attractions in and around Kingsford include:
RESTAURANTS & LOCAL RETAIL Kingsford, Kensington as well as nearby Randwick all offer a wide variety of local retail outlets, restaurants, pubs, bars and cafes. New developments in the precinct will deliver more diverse dining options and will become a hub for residents and students alike.
PARKS & RECREATION Centennial Park, Moore Park and Queens Park all offer outstanding recreational facilities. Centennial Park is located under 2 kilometers from the property with a total area of 189 hectares that holds sporting fields, pavilions, ponds, BBQ areas and special community events such as the Moonlight Cinema. Moore Park, spanning over 115 hectares, is situated 3 kilometers north of the property and contains major sporting stadiums, entertainment venues and open green spaces. Moore Park sporting facilities include the world-famous Sydney Cricket Ground that hosts local and international cricket matches in the warmer months and rugby league, soccer and Australian Rules Football in the cooler months. The NSW Government is redeveloping Sydney Football Stadium where it will hold up to 45,000 seats and is expected to be completed in 2022-2023. Moore Park Golf Club and the Australian Golf Club in Moore Park offer world class facilities for the public with their golf range and golf course. Royal Randwick Racecourse is a New South Wales premier horse-racing venue. It also holds other events including concerts and religious gatherings. The racecourse is less than one kilometer from the property and hosts notable horse races such as The Everest and Australian Derby.
SHOPPING & ENTERTAINMENT Regional shopping facilities are available at Royal Randwick Shopping Centre, Pacific Square Maroubra and The Entertainment Quarter. Royal Randwick Shopping Centre is anchored by Woolworths, Harris Farm and Fitness First and mix of sixty specialty shops. Pacific Square in Maroubra is anchored by Coles and Aldi. The Entertainment Quarter is a great social precinct with restaurants, markets, music, freshly refurbished HOYTS cinema and the Fox Studios.
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EDUCATION The University of New South Wales is a short walk from the subject property and National Institute of Dramatic Art (NIDA) is located only 500 meters away. Kensington Primary School and several well-regarded public and private high schools such as Sydney Boys and Sydney Girls High Schools being within walking distance. Other education facilities include Randwick TAFE that is located 2 kilometers north east of the property.
HEALTH Prince of Wales medical precinct is located approximately one kilometres from the property. This precinct has a number of specialist hospitals including Sydney Children’s Hospital, Royal Hospital for Women and Prince of Wales Private Hospital.
BEACHES Kingsford is close to some of the Eastern Suburbs finest beaches including Coogee, Clovelly, Bronte and Tamarama. Coogee Beach is only three kilometers away from the subject site.
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P ropert y Partic u lars 277-291 Anzac Parade is located conveniently in a high exposure corner location with a high-profile street frontage to Anzac Parade and Strachan Street. The site also has rear lane access from Houston Lane. The development site comprises of the following.
PROPERTY DESCRIPTION
The property is a rectangular (trapezoidal) shape with three street frontages. Anzac Parade to the east, Strachan Street to the south and Houston Lane to the west. Vehicle access to the properties is currently via its rear lane access on Houston Lane.
ADDRESS AND TITLE
277-279 Anzac Parade, Kingsford
SP52836
506 sqm*
281 Anzac Parade, Kingsford
3/DP129966
240 sqm*
283 Anzac Parade, Kingsford
11/DP716333
252 sqm*
285 Anzac Parade, Kingsford
12/DP716333
213 sqm*
287 Anzac Parade, Kingsford
A/DP394221
113 sqm*
291 Anzac Parade, Kingsford
B/DP394221
249 sqm*
TOTAL
1,573 sqm*
Anzac Parade – 39m* STREET FRONTAGE
Strachan Street – 53m* Houston Lane – 24m*
CURRENT IMPROVEMENTS
*approx
The existing properties contain ground floor retail use. 277-279 Anzac contains 8 strata residential apartments and 2 strata retail shops.
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P L A N N I N G C O N T RO L S The Kensington to Kingsford Planning Proposal was gazetted in 2020 and increased the height and density of development primarily along the Anzac Parade corridor. LOCAL GOVERNMENT AREA
Randwick City Council
LOCAL ENVIRONMENT PLAN
Randwick LEP 2012
ZONING
B2 Local Centre
FLOOR SPACE RATIO
5:1
MINIMUM NON-RESIDENTIAL FLOOR SPACE RATIO
1:1
POTENTIAL ADDITIONAL FSR
1:1 [Affordable Rental Housing SEPP]
HEIGHT LIMIT
54 metres or 60 metres with Design Excellence
PERMITTED USES
Includes but not limited to Boarding houses; Centre-based child care facilities; Commercial premises; Community facilities; Dwelling houses; Educational establishments; Entertainment facilities; Function centres; Group homes; Hostels; Information and education facilities; Medical centres; Oyster aquaculture; Passenger transport facilities; Recreation facilities (indoor); Registered clubs; Residential care facilities; Residential flat buildings; Respite day care centres; Restricted premises; Roads; Service stations; Shop top housing; Tank-based aquaculture; Tourist and visitor accommodation
DEVELOPMENT CONTROL PLAN
Randwick Development Control Plan 2013
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s ydney ligh t rail Kingsford Station
9
to Moore Park Station
mins
16 mins
to Central Station
24
to Town Hall Station
29
to Wynyard Station
34 mins
to Circular Quay Station
mins
mins
*Times are approximations
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The recently completed Sydney Light Rail runs from Circular Quay to the south-eastern suburbs of Randwick and Kingsford. This public transport system has significanly improved access to major sporting & entertainment facilities at Moore Park and Royal Randwick along with The University of NSW, Randwick TAFE and Prince of Wales Hospital which will undoubtably further activate the retail strip along Anzac Parade. The subject property is conveniently located diagonally opposite the Kingsford Light Rail Station. The new light rail has improved travel times & congestion from Kingsford to the city. It will be a benefit to all commuters, especially students who can easily travel to the education hubs or travel into the city from University of NSW and surrounding educational facilities.
277-291 Anzac Pde
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Universit y of new so u t h wales
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UNSW is a powerhouse of cutting-edge research, teaching and innovation in the Asia-Pacific. UNSW Sydney is currently ranked 43rd in the QS World University ranking and 4th in Australia. It comprises over 59 000 students across nine faculties that support local businesses with a considerable volume of local residents and daily commuters. The campus is situated on 38 hectares, a short 300 metre walk from 277-291 Azac Parade.
Development Opportunities:
Student Co-Living Houston Land – 24m Hotel Residential Development
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S ales P rocess E X PR E S SIONS OF I N TER E ST
All Expressions of Interest are to be submitted in writing to Colliers International, the exclusive selling agents by 4:00pm, Thursday 2nd September 2021. Expressions of Interest must contain at a minimum the following information:
PURCHASING ENTITY
Proposed entity details including Entity name, ABN/ACN, Company structure and particulars of Directors/Shareholders.
PURCHASE PRICE
Proposed purchase price in Australian Dollars
SETTLEMENT PERIOD
Proposed settlement date
CONDITIONS OF PURCHASE
Any conditions which will need to be satisfied prior to the prospective purchaser either signing or settling a contract for sale of the property
DUE DILIGENCE REQUIREMENTS
Confirmation of the prospective purchaser’s due diligence requirements and timetable
PURCHASING CAPACITY
Capacity to complete by the settlement date, including the source of funds and evidence of the prospective purchaser’s financial status and track record in completing similar transactions
SOLICITOR
Details of the prospective purchaser’s legal representative
The Vendor reserves the right to acept offers prior to EOI close; withdraw the property from market; and retain the property following review of offers. E XC LUSIV E AG EN T S
Eugene White Director Residential Development Sites +61 423 021 439 Eugene.White@colliers.com
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Guillaume Volz National Director Residential Development Sites +61 404 887 717 Guillaume.Volz@colliers.com
PROPER T Y I NSPEC TIONS Colliers will facilitate exclusive inspections during the campaign. To request an inspection of the property, please contact the exclusive selling agents to arrange a time. DIS C L AI M ER The opinions, estimates and information given herein or otherwise in relation hereto are made by Colliers and affiliated companies in their best judgment, in good faith and as far as possible based on data or sources which are believed to be reliable. The material contained herein is not intended to substitute for obtaining individual advice from Colliers or another advisor able to provide the services of a qualified professional person. Colliers, its officers, employees and agents expressly disclaim any liability and responsibility to any person whether a reader of this publication or not in respect of anything and of the consequences of anything done or omitted to be done by any such person in reliance whether wholly or partially upon the whole or any part of the contents of this publication. Copyright Colliers 2021 all rights reserved No part of this work may be reproduced or copied in any form or by any means (graphic, electronic or mechanical, including photocopying, recording, recording taping, or information retrieval systems) without the written permission of Colliers.
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