Granville's premier development site – develop now or hold until the next boom!
The subject site has a massive holding income of $835,090 in January 2022 with the bonus of one block currently being undeveloped. Developing this block could potentially increase income by up to $500,000p.a.
Unique, ideal site located just 150m from Granville train station, opposite the future plaza (currently council car parking) and 2km from Parramatta CBD.
The site has all the benefits of the Parramatta corridor in that it is adjacent to Parramatta Road but not located directly upon it.
You could develop the site now or simply add some value and develop as part of a future pipeline because of its huge income.
• Site size – 1,840m2,
• FSR – 6:1,
• Potential GFA – 11,040m2
• Yield – 157 apartments approx.
• Current income total -$531,840 increasing to $595,090 in January 2020
and to $835,090 in January 2022.
• Potential income of circa $1,335,090 with development of vacant block.
Mathew Cassidy 0467 855 954
Josh Crealy 0402 248 186
For all your home loan needs please give Tim at Highland Financial Services a call on 02 9523 2699 or visit www.highlandfinancialservices.com.au
Remember to mention you found this property on DevelopmentReady.com.au