11 & 13 Kelton Street & 357 Main Road, Cardiff, NSW 2285

Knight Frank & Commercial Collective are pleased to present 357 Main Road & 11-13 Kelton Street, Cardiff to the market For Sale as a result of a deceased estate resolution via Expressions of Interest.

Positioned within a high growth residential suburb, the site presents a compelling infill development opportunity, underpinned by strong local housing demand and favourable development fundamentals (STCA).

Key Features

- 3,985 sqm* amalgamated site area
- 42 m* Main Road frontage
- The property benefits from two separate rights of carriageway, improving development efficiency through improved access points 
- Existing DA approval for a 32 lot strata commercial development comprising 2,490 sqm* GFA and 62 car spaces (1:40 sqm* parking ratio), with consent expiring October 2027.
- MU1 Mixed Use zoning suitable for a range of commercial and mixed-use development outcomes, including childcare, medical centres, commercial premises, multi-dwelling housing, and residential flat buildings (STCA)
- Current 13 m* height limit allowance prior to any application for bonus uplift (STCA). 
- The property includes two single storey dwellings (410 sqm*) providing holding income of $70,200 gross plus GST per annum 
- Located approximately 11 km* from Newcastle CBD, 125 m* from Cardiff Shopping Centre anchored by Woolworths, and 500 m* from Cardiff Train Station
- Proximity to public transport, schools, and the local retail precinct
- Immediate retailers in the area include multinational brands BP, Ford, Hyundai, Volkswagen, Toyota, and Kia
- Cardiff median unit price exceeds $750,000, with strong recent annual growth rates of 18.1% YoY*

Plans related to the current DA approved project are available upon request to assist purchasers with their due diligence.

Expressions of Interest will close Thursday, 25 June at 4pm (AEST).

For further information or to arrange an inspection, please contact the exclusive listing agents.

*Approximate