Perfectly set in a premiere location of Croydon Park and set on a north to rear facing 790m2 (approx.) parcel of land. This property comprises an existing three bedroom residential house with a rare DA approved 18 room boarding house, plus the amendment application given for two more additional rooms, this grand development opportunity is ideal for the astute investor or developer.
DA approved New Generation 18 room Boarding house site within 12km of Sydney City Proposed 18 self contained studio apartments, large communal room and basement parking for 9 vehicles Amendment DA application submitted for additional 2 rooms Estimated gross rent collection of $360,000 pa approx. (Based off $385 per room) Massive potential set on 790m2 parcel of land and north to rear aspect with R1 Zoning and .85:1 FSR 21.6m frontage on Georges River Road and side access on Stanley Street Desirable north facing level block with convenient side access Council work already done - All the hard work in obtaining development approval is complete Ideal Croydon Park Location, walking distance to shops, schools and transport. Just moments to a myriad of convenient amenities and highly sought-after schools For a copy of the DA approved plans please contact Vivek Tailor, Jesse Di Loreto or Jackson Cox
DISCLAIMER: While Richard Matthews Real Estate have taken all care in preparing this information and used their best endeavors to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Richard Matthews Real Estate urge prospective purchasers to make their own inquiries to verify the information contained herein.
Features include: Close to Transport, Close to Shops, Close to Schools
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