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5 Mona Street, Allawah, NSW 2218
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BOUTIQUE BOARDING HOUSE SITE

Ray White Commercial (SC) is pleased to present to the market 5 Mona Street (also known as 6 Illawarra Street), Allawah for sale.

The property is improved by a development approval, designed by the renowned award-winning architectural firm A+ Design Group, for the demolition of the existing structures and the construction of a 7 storey boarding house containing 47 rooms over a single level basement. For a short term return, there is a single level dwelling divided into two(2) flats ensuring a recurring income stream prior to demolition and construction.

Additional highlights of the asset include:

• DA approved for 47 room self-contained boarding house plus common room

• Site area - 667.1m²*

• 0.9% vacancy rate** in the surrounding area evidencing a strong demand for rental

opportunities

• Zoning R4 - High Density Residential

• FSR - 2 : 1

• Height Limit - 21m

• 100m* to Allawah Station

• 1km* to Westfield Hurstville

• 1.2km* to Hurstville Station

• Easy access to Sydney, Hurstville & Rockdale CBDs

The property is offered for sale by negotiation.

For further information, please contact the exclusive selling agents below.

*Approximately

Remember to mention you found this property on DevelopmentReady

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STEP 01 Finance type
Land Finance
STEP 02 Property address
5 Mona Street, Allawah, NSW 2218
STEP 03 Contact a finance professional
Samuel Hadgelias
Samuel Hadgelias
+6** *** *** Show +61 403 254 675 View Profile
+61 403 254 675 shadgelias@raywhite.com Message
Leslie (Yifu) Li 李一夫
Leslie (Yifu) Li 李一夫
+6** *** *** Show +61 403 261 752 View Profile
+61 403 261 752 leslie.li@raywhite.com Message

Map: 5 Mona Street, Allawah, NSW 2218

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