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SOLD

5 Bishops Avenue, Randwick, NSW, 2031

Development Potential
DETAILS
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.com.au
DEVELOPMENT SITE SUMMARY
Auction:
TITLE:
Thursday, 9 September 2021.
Property Area
AREA:
544 m² (*approx)
Property Type
TYPE:
Residential, Townhouse Sites, Boarding House, Townhouse Sites, Boarding House
Development Potential
DEVELOPMENT APPROVAL:
Residential Development Opportunity (STCA)

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5 Bishops Avenue, Randwick, NSW, 2031

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