Prime Development Opportunity in Corrimal!

Unleash the Potential with newly approved TOD (Transit Oriented Development) Approval <br/><br/>-Two separate properties totaling 1062m2 approx<br/>-28meter frontage approx<br/>-extremely limited offering in highly restricted area <br/>- Potential for 6-storey unit development (subject to approval)<br/>- Maximum Floor Space Ratio: 2.5:1<br/>- Maximum Height: 22 meters<br/><br/>This unique site comprises two separate lots, each with established houses. Corrimal train station is currently the only approved precinct for this type of development opportunity. <br/><br/>Level site featuring the conveniece of a corner location, sunlight from the northern aspect and outlook of a large suburban park opposite. <br/><br/>The perfect opportunity for development with coastal living in this ideal location!<br/><br/>Significant improvements are planned at Murray Road, East Corrimal so that the journey to catch the train is a safer one.<br/>This is one of the infrastructure improvement projects under a Transport Integration and Placemaking program supported by $6.7 million in grant funding from Transport for NSW.<br/><br/>Murray Road at East Corrimal will receive a significant investment of more than $3 million from this active transport infrastructure investment.<br/><br/>Along Murray Road, between Duff Parade to the west and Cawley Street to the east, a planned shared use pathway to provide connection to nearby shops, schools, the foreshore area and to the existing shared path. There will also be crossing safety upgrades to support cyclist and pedestrian movements. <br/><br/>