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SOLD
1 King Street, Randwick, NSW, 2031
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Property Highlights

Rare DA Approved Randwick Development Site!
  • DA Approved for 8 self-contained rooms
  • Corner site with no basement
  • R3 Medium Density Zoning

Tuxcomm Property and McGrath Estate Agents are delighted to present for sale via auction 1 King Street, Randwick; An exceptional DA approved boarding house development in a prime Eastern Suburbs location, arguably one of Eastern Suburbs best designed boarding house development sites.

Property features include:

- DA Approved for 8 self-contained rooms
- Corner site with no basement car park required
- Immediate access to transport and amenity - light rail stop 350m* away
- Opposite the Randwick Tafe
- Walk to UNSW, Randwick Racecourse, and retail village
- Attractive design by respected architect
- Strong rental growth (estimated current rental $450 per room)
- Generously sized rooms containing kitchenette and ensuite facilities
- Strong tenant profile - Doctors, Nurses, Young Professionals and Students
- Estimated annual gross income of $200,000 once completed
- R3 Medium Density Zoning

The property is offered for sale via on site auction Saturday 20th February 2021 at 9.00am.

For more information, please contact the selling agents below:

McGrath
Nicholas Wise
0410 121 533

Tuxcomm Property
Nick Tuxworth
0405 421 929

*Approx.

Remember to mention you found this property on DevelopmentReady

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