Caringbah

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Retired Cronulla Sharks legend Paul Gallen and wife Anne have expanded their property holdings in the Shire, adding another commercial property.
They have bought the Caringbah showroom premises leased on a short term to the Bedding Barn on Taren Point Road.
The bulky goods retail building cost $1.9 million, having $2.45 million hopes two year ago.
It was offered with even bigger warehouse development approval.
The 669 square mete offering went to auction where it passed in on a $2 million vendor bid.
The successful agent Jon Brookes marketed it as having exposure to 55,000 cars a day.
The couple secured laundromat premises in Cronulla earlier this year which cost $2.2 million.
Gallen, who retired after pulling on the jersey 349 times, including the 2016 premiership, recently published his autobiography, Heart and Soul.
It was launched at the Berkelouw Bookstore in Cronulla after being co-written by my colleague David Riccio.
The Gallens have called Burraneer home, with bay views from the hill, since 2012.
This article was first published in the Sunday Telegraph. 
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Cronulla Sharks legend Paul Gallen buys Bedding Barn showroom premises in Caringbah

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Highfield Caringbah has been listed for sale via Expressions of interest. 
The property at <a id="LPlnk937165" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLekhmUPkvlCXZyUN06gFq7WPOJB7ZrwPvfspLId9d6c1h2hK01ARQonxCrCe956I+Vjf6cdJcDKQQkws/3m6LmZoiUvf3P1N71A0RF2hJo+IhJgqh5LyE8ruKWVhneZvY81l3dhQWrYkw=&amp;rh=ff004f09d326b7738790ae968f4abd8b2d421c5f" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">32 Banksia Road</a> is currently under a long term lease to the Feros Hotel Group.
The holding comes with a 3,072 sqm building area and 1,024 sqm land area.
Located on the northern side of the Kingsway and has street frontage to Mackay Street, Banksia Road and Hay Lane, it<a id="LPlnk937165" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLekhmUPkvlCXZyUN06gFq7WPOJB7ZrwPvfspLId9d6c1h2hK01ARQonxCrCe956I+Vjf6cdJcDKQQkws/3m6LmZoiUvf3P1N71A0RF2hJo+IhJgqh5LyE8ruKWVhneZvY81l3dhQWrYkw=&amp;rh=ff004f09d326b7738790ae968f4abd8b2d421c5f" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable"> </a>is being marketed and sold by Ray White Commercial NSW – Sydney City Fringe Principals Kristian Morris and Justin Rose.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/24/Highfield%20Caringbah%20aerial%201.jpg" alt="">
Mr Morris said the asset offered a secure 15-year lease to the Feros Hotel Group plus options totaling up to 60 years with ratchet clause in favour of the lessor.
He said, “the Feros Hotel Group are proven operators that have stood the test of time in this area of the market and have done an amazing job in developing the building into one of Sydney’s best vertical offerings.”
“They’ve spent circa $12M on upgrades and it offers a double net lease with net passing income of $600,886 + GST, and has future development potential to add accommodation and additional rooftop bar, STCA.”
Mr Rose said the property was a three-storey mixed-use hospitality asset with four separate but interconnecting dining experiences. “These freehold subject-to-lease (FSTL) opportunities are rarely available and it offers a stress-free and hassle-free annuity income stream, with the tenant paying 100 per cent of the outgoings and running costs."   “It’s close to the Caringbah Town shopping centre and major retailers such as Coles, Woolworths, McDonald's and is just 150* metres to Caringbah train station,” he concluded. 
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Highfield Caringbah offered to the market

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Former Cronulla Sharks star Ben Barba has secured the $600,000 sale of his Caringbah South investment apartment.
It had hopes of between $620,000 and $660,000 when initially listed at the beginning of May with Century 21 Cronulla agent David Wolfhart.
The Darwin born flyer paid $425,000 for the 84 sqm apartment in 2012 when he was at the Bulldogs.
The sale comes just before the news that Barba failed to get his drugs ban overturned having moved to the English Super League.
He is now unlikely to play for St Helens until at least August. He joined from French rugby union club Toulan after he was dismissed by the Sharks. 
It has two bedrooms and an updated kitchen and bathroom.
The listing came after he leased his own home, not far away at Caringbah South, for $1,000 a week.
Barba paid $1.18 million for his former home in Caringbah South in 2014 following his brief stint at the Broncos.
He still holds on to a four bedroom Everton Park investment just outside of Brisbane that cost $769,000 in 2013.
This article first appeared in the Daily Telegraph.
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Ben Barba sells Caringbah South investment apartment

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A new apartment development in Caringbah in Sydney's southern suburbs has frontages of 15.44 metres over two symmetrical five storey buildings.
Affinity at Caringbah, a development of 57 apartments, has two-bedrooms averaging 80sqm internally and three-bedrooms more than 100sqm, with external spaces ranging from 19sqm to 59sqm. 
The development on 1 and 3 Dianella Street is on a 4,292sqm site has two communal rooftop terraces and two basement levels with 104 car spaces for residents, plus 12 visitor spaces, provide unusually generous parking convenience for the Sutherland Shire. It is designed by architectural firm Baker Kavanagh
Kitchens feature Bosch appliances, Caesarstone benchtops, tile splashbacks, oak joinery, and a pull-out or built-in pantry. Master ensuites have a Caroma bath, shower and vanity, full-height wall tiles, and Phoenix chrome tapware and accessories.
Affinity Caringbah has:
o   4 one-bedroom apartments (61-62sqm internally plus 25-52sqm externally) with one car space from $690,000 to $725,000
o   40 two-bedrooms (80-92sqm internally plus 17-79sqm externally) with two car spaces from $795,000 to $1.15-M, and
o   13 three-bedrooms (101-111sqm internally plus 40-63sqm externally) with two car spaces from $1.12-M to $1.39-M
Strata levies are estimated to range from $650 to $1,200 per quarter.
Construction is slated to start early next year and be finished by late-2018. A display suite at 1 Dianella Street, Caringbah is open by appointment through Peter Shield of Ray White Erskineville on 0417 884 882, and Matt Otway of Belle Property on 0424 199 009. for more information, <a href="https://www.affinitycaringbah.com.au" target="_blank">click here</a>.
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