Case Studies

2c Gladstone Street, Newtown, NSW

This exciting mixed use development site in Sydney’s Inner-West was sold for $6.5million following a public EOI campaign.

We outline below key additional development highlights:
• Boutique high end development designed by SJB Architects
• DA lodged for the construction of a 4 storey mixed use shop top housing development comprising 11 three and four storey townhouses,13 apartments, 3 commercial studios and 24 parking spaces over a single basement level.
• Three street frontages
• Site includes holding income, sold with going concern
• 500m* to Newtown Train Station and vibrant King Street

Sales Analysis*
Sale Price:Confidential
Land Area:1,320m²*
Zoning:B7 Business Park*
Building Height:14 metres
Floor to Space Ratio:1.87:1
Gross Floor Area (GFA):2,473m²*
Rate per site

(based on 27 units)

Confidential
Rate per GFA m²*Confidential
Raw of DA:DA lodged
Sale Process
Sale Date:July 2016
Sale Type:Post EOI
*Approximate

** Residential flat buildings and shop top housing are both permissible in this zone (STCA)

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