Offering a DA approved boarding home site positioned in the heart of Northmead, this is an unmissable investment opportunity! Boasting a large 1116sqm (approx) R3 zoned block of land with DA approved plans for a 3 storey, 33 room boarding house with 17 car spaces to the basement. The boarding house is forecasted to have a future yield of approximately $600,000 gross annual income, making it an opportunity not to be missed.
Situated directly opposite the Northmead Shopping Village, within walking proximity to City and local buses, schools and parks, this enviable location will be sure to attract tenants to the property! In addition the proposed boarding house is less than 5km away from Parramatta CBD, Westmead Hospital and train stations.
Block Features:
* R3 Zoned
* DA approved plans for a 33 room boarding house
* Approx 15.59m frontage
* Approx 72.9m Eastern boundary
* Approx 76.17m Western boundary
* Approx 15.24m rear
* Approx 1,116sqm block
* Approx 859sqm total build area
Location Benefits (approximates):
* 50m to Northmead Shopping Village
* 200m to Rouse Hill, Hornsby, Parramatta & Blacktown buses
* 240m to Northmead Creative & Performing Arts School
* 1.9km to Parramatta Lake Walk
* 2km to Westmead Hospital
* 3.5km to Grove Square Baulkham Hills
* 3.9km to Parramatta CBD
* 4.3km to Westmead Station
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