These properties represent an exceptional opportunity to acquire this DA approved development site on a corner location and capitalise on the holding income of $174,720* per annum from three (3) houses facing Hardy Street and four (4) townhouses facing Sackville Street.
Additional highlights outlined below:
• DA approved for 55 apartments
• Preferred unit mix (5 x 1 bedroom, 46 x 2 bedroom & 4 x 3
• Practical design
• Site area 2,290m2*
• Current combined passing income of $174,720* per annum
• Ideal corner location
• Minutes to Fairfeld Railway Station & Shopping Centre
The property was sold under the hammer, at Ray White’s in room auction at an excellent price.
|Town Planning:||Zone – R4 High Density Residential|
Floor Space Ratio – 2:1
Height Limit – 6 Levels
|$/sqm Land:||$2,546 psm*|
|Sales Date:||November 2017|
|Sale Type:||Public Auction|