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5 Bishops Avenue, Randwick, NSW, 2031

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5 Bishops Avenue, Randwick, NSW, 2031

5 Bishops Avenue, Randwick, NSW, 2031

Properties / Sold / New South Wales / Randwick
Development Potential

1. Property Summary

Property Type
Residential
Land Area
544 m² (*approx)
Selling Method
Auction: Thursday, 9 September 2021.
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2. Property Highlights

Income & Development Potential
  • Operational 17-room boarding house
  • >$217,000 passing income
  • R3 Medium Density Zoning
Offered exclusively for sale via Public Auction, 5 Bishops Avenue represents an opportunity to acquire a high performing boarding house with underlying development upside.
 
Key property highlights include:
  • Strong  positioning within the affluent Eastern Suburbs renowned for its stunning federation architecture and enticing suburban landscape
  • Holding income in excess of $217,000 per annum 
  • Large, rectangular shaped 544m² allotment of land
  • 12.19 X 44.2 metre site dimensions
  • Within a key infrastructure location benefitting from direct access to major transport links
  • Nestled between Sydney’s famous Eastern Beaches such as Clovelly and Coogee, and the Randwick Health precinct including Prince of Wales Hospital
  • Favourable R3 Medium Density Residential which permits a range of potential uses including residential dwellings, boarding houses and townhouse development (subject to relevant approvals)
The property will be sold via Online Auction on Thursday, 9 September 2021.
 
For more information please contact James Cowan or Miron Solomons

Remember to mention you found this property on DevelopmentReady
Read More

1. Property Summary

Property Type
Residential
Land Area
544 m² (*approx)
Selling method
Auction: Thursday, 9 September 2021.

2. Property Highlights

Income & Development Potential
  • Operational 17-room boarding house
  • >$217,000 passing income
  • R3 Medium Density Zoning
Offered exclusively for sale via Public Auction, 5 Bishops Avenue represents an opportunity to acquire a high performing boarding house with underlying development upside.
 
Key property highlights include:
  • Strong  positioning within the affluent Eastern Suburbs renowned for its stunning federation architecture and enticing suburban landscape
  • Holding income in excess of $217,000 per annum 
  • Large, rectangular shaped 544m² allotment of land
  • 12.19 X 44.2 metre site dimensions
  • Within a key infrastructure location benefitting from direct access to major transport links
  • Nestled between Sydney’s famous Eastern Beaches such as Clovelly and Coogee, and the Randwick Health precinct including Prince of Wales Hospital
  • Favourable R3 Medium Density Residential which permits a range of potential uses including residential dwellings, boarding houses and townhouse development (subject to relevant approvals)
The property will be sold via Online Auction on Thursday, 9 September 2021.
 
For more information please contact James Cowan or Miron Solomons

Remember to mention you found this property on DevelopmentReady
Read More
Development Potential

3. Property Location

5 Bishops Avenue, Randwick, NSW, 2031

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4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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5 Bishops Avenue, Randwick, NSW, 2031 Randwick