DA APPROVED - NEW GENERATION 18 ROOM BOARDING HOUSE - LARGE LEVEL BLOCK - CLOSE TO AMENITIES
Skyline Real Estate and Savills, as the exclusive selling agents are proud to offer 26 Frenchs Forest Road East, Frenchs Forest.
A DA approved, new generation boarding house site located within the Northern Beaches Hospital growth corridor.
The DA approved site consists of 18 fully self-contained studio apartment rooms, a manager's room, large communal facilities and one basement level of car parking in one of Sydney's fastest growing markets.
- Estimated gross income of $420,580* ($430* per room)
- DA Approved for 18 rooms and 1 x manager's room
- Exceptionally rare offering due to new Parking Legislation
- Efficient build, with one basement level of car parking and limited demolition required
- Generously sized rooms containing kitchenette facilities, ensuite and large communal facilities
- This strong employment catchment is the catalyst for immediate and ongoing tenant demand.
- Surrounded by national retailers; Subway, Oporto, KFC, Woolworths and Dan Murphy's
- Strategic location within a short walk to the Northern Beaches Hospital, 50m* from a bus stop with connections to the Sydney CBD, Chatswood, Military Road and Manly.
- 75m* to Local Skyline Shops, cafes and professional businesses
- 15mins* to Manly and Dee Why Beaches
- 25 mins* to Sydney CBD
- The existing improvements consist of a three (3) bedroom residential house on 753sqm parcel of land with park land at the rear.
** All Plans are available on our website at www.skylinerealestate.com.au
For Information Memorandum, please feel free to contact one of the below agents.
Stuart Bath - 0416 207 215
Remember to mention you found this property on DevelopmentReady.com.au