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5 Bishops Avenue, Randwick, NSW, 2031

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5 Bishops Avenue, Randwick, NSW, 2031

Randwick

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

5 Bishops Avenue Development Site Summary

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

Development Site 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
James Cowan
James Cowan
+61 *** *** *** show +61 425 337 691
James Cowan
James Cowan
+61 *** *** *** show +61 425 337 691

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5 Bishops Avenue, Randwick, NSW, 2031

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Property Location of 5 Bishops Avenue, Randwick, NSW, 2031

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5 Bishops Avenue, Randwick, NSW, 2031 Randwick
Colliers Sydney CBD
Colliers Sydney CBD
Level 30, Grosvenor Place, 225 George Street, Sydney, NSW, 2000
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James Cowan
James Cowan
+61 *** *** *** show +61 425 337 691