Rare opportunity to acquire a significant land holding, with an expertly formed accommodation based DA, in the midst of massive urban regeneration.
The level site runs from Botany Road, through to Cope Street and has approval for a 130 room boarding house with ground floor retail and one basement level. The development has a gross floor area of 4,439sqm.
There is holding income on the property, from multiple tenancies, and no lease expiry goes beyond 31.12.21.
Amenity fundamentals are at the core of this property being 100m to the new Waterloo Metro and within 300m of Redfern Railway Station and 1.5km into the Sydney CBD.
The completed development will not only generate a significant cash flow but occupies a location that will be positively vastly different from Redfern-Waterloo that exists today.
For Information Memorandum and DD link please call the exclusive TGC agents today.