194 Elizabeth Street, Croydon, NSW 2132

Future Redevelopment Opportunity (STCA)

An exceptional opportunity to secure a mixed-use property in a high-growth area just 350m from Croydon Station. This shop and residence is positioned within the E1 Local Centre zoning under Burwood Council and benefits from inclusion in the Croydon Alternate Master Plan Area. 

https://participate.burwood.nsw.gov.au/croydon-housing-investigation-area

🔹 Floor Space Ratio (FSR): 2.1 to 3.1 
🔹 Building Height Potential: Up to 21m under LMR and Shop-Top Housing 
🔹 Zoning: E1 Local Centre 
🔹 Current Use: Retail shop with residential accommodation.
🔹 Ideal Future Use: Mid-rise residential, shop-top housing or mixed-use redevelopment (STCA) 

Strategic Context 

The site is strategically located to benefit from the NSW Government’s Low to Mid Rise Housing Reform Program (2024), which encourages medium-density housing in well-located areas near transport hubs. While some reforms may not apply to the Croydon Master Plan area immediately, the area is earmarked for future uplift under the proposed town Centre precinct changes. 

🛠️ Development Highlights from Reform Program: 

Floor Space Ratios for Multi-Dwelling & Shop-Top: 2.1 to 3.1 

Building Heights: 16m to 21m (subject to built form control) 

Ideal for future mid-rise housing (up to 6 stores) near stations

Whether you're an investor seeking holding income or a developer looking to position for the next growth wave, this is a compelling opportunity in one of the Inner West’s most promising pockets. 

For more information contact us: Armando Errichiello 0415 558 818