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40 Dutruc Street Randwick NSW 2031

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SOLD

40 Dutruc Street Randwick NSW 2031

Properties / Sold / New South Wales / Randwick

Development Approved

1. Property Summary

Property Type

Residential

Sub Type

Apartment Sites

Land Area

525 sqm (*approx)

Selling Method

Auction:

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2. Property Highlights

Rare DA Approved Site for Boutique Block of 8 Apartments With Income

AUCTION TUESDAY 20TH JUNE 2017 AT DOUBLE BAY AUCTION CENTRE
INSPECT THURS & SAT 10AM - 10.30AM
(COMMENCING 25TH MAY, 2017)

40 Dutruc Street Randwick is currently being operated as a boarding house with approval as a development site with DA approval for 8 apartments over 3 levels, 9 car spaces, rear lane access and private storage area. The site is well located close to schools, transport, Randwick shops, Coogee and Clovelly beaches, Light Rail, UNSW, Sydney Airport, Sydney CBD, TAFE (Randwick), Prince of Wales Hospital, Randwick Racecourse and Bondi Junction Westfield.

Current Rental Income $120,000 PA
Potential Gross Income After DA Completion Approx. $416,600 P.A - 4 x 2 Bedroom Apartments at $1,100pw = $228,800 P.A + 4 x 2 Bedroom Apartments at $900pw = $187,200 P.A
Site Area 525sqm approx. with rear lane access

Please enquire now for a copy of the INFORMATION MEMORANDUM

Remember to mention you found this property on Developmentready.com.au