Coles Group Property Developments is moving a major mixed-use apartment and retail site for sale in Sydney’s south by CBRE James Douglas and Ben Wicks.

The high-profile Coles Caringbah site, which has development approval and an Agreement for Lease in place for a full-line 4,073sqm Coles supermarket and Liquorland, with the proposed development also including six speciality shops, as well as 120 one, two and three-bedroom apartments.

Mr Douglas, CBRE Senior National Director, Retail Capital Markets, said significant interest was anticipated from both traditional retail and mixed-use development investors, with a wave of capital targeting non-discretionary and supermarket anchored retail assets.

“Rarely are full line supermarket development opportunities, with a complementary residential component, offered to the market in metropolitan Sydney, with this particular site also benefitting from a planning approved development scheme and a lease commitment from leading ASX listed supermarket operator Coles Group Ltd,” Mr Douglas said.

Ben Wicks from CBRE’s Residential Developments team added, “The residential market in the Sutherland Shire has experience significant growth in value over the past six to 12 months, primarily driven by increased demand, reduced supply, historically low interest rates and the availability of finance.”

The 6,453sqm Coles site benefits from a high-profile location in the tightly held and affluent suburb of Caringbah and is located only 300 metres west of the Caringbah train station. The approved apartment scheme will offer expansive district and Port Hacking water views. 

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.