Savills and Dixon Real Estate are pleased to offer for sale 30 Middle Street, Kingsford. This outstanding development site has a valuable DA approval for 19 self-contained student accommodation rooms in the highly sought-after suburb of Kingsford.
Opportunity Overview:
• DA approved for 19 self-contained student accommodation units with a lodged CC pending approval
• Premium room sizes ranging from 16-21sq m*
• Each unit includes kitchen, a bathroom and living space
• Efficient three-story design tailored for rapid Cross-Laminated Timber (CLT) construction
• Ground level car parking providing 4 car spaces, 4 motorcycle spaces and 4 bicycle spaces
• Approved NSA: 322 sq m*
• Site Area: 405 sq m*
• Zoning: R3 Medium Density Residential
• Achieved FSR of 1.25:1, incorporating 0.5:1 FSR bonus discontinued in early 2021
• Strategically positioned walking distance to the UNSW Campus, Prince of Wales Hospital and Kingsford Light Rail Station
• Excellent opportunity to capitalise on surging international student demand
• Growing asset class of build-to-rent accommodation continues to provide secure future cash flow
*approx.
30 Middle Street, Kingsford, is offered for sale via Expressions of Interest closing at 4pm on Thursday 14th September 2023.
For further information, please contact a member of our team.
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