Exciting Eastwood Investment and Development Opportunity
An investment and redevelopment (STCA) opportunity at Eastwood in Sydney’s north-west is being offered for sale via auction by Ray White Commercial NSW.
The approximately 635 sqm site at 22 East Parade, Eastwood, is being marketed by Jeff Moxham and Samuel Hadgelias of Ray White Commercial NSW.
Jeff Moxham said the office building on the site is fully leased and is currently returning rental income of approximately $65,000 per annum.
“As well as offering significant holding income, the site offers development upside (STCA) ,” Jeff Moxham said.
“The site is currently zoned R2 which allows for low density residential.”
Samuel Hadgelias said the property is ideally located in Eastwood, just 300m from Eastwood Railway Station and Shopping Centre.
“This property benefits from 11 on-site parking spaces and a flexible existing floor plan.”
The property will be auctioned at 10.30am (AEST) on Tuesday, August 2, 2016, at Auctionworks, Mezzanine Level, 50 Margaret Street, Sydney.