This key site in the rapidly growing and desirable suburb of Kogarah provides a solution for developers who wish to deal in certainties and are ready to produce a high quality development positioned in an exceptional location. Thoughtfully planned and considered, this development site has been structured to produce maximum yields. Designed by awarded and respected architect Peter Smith, (heavily involved in the multi award winning 'Kogarah Town Square') 7-11 Derby Street Kogarah provides an opportunity to eliminate the enduring process required for a development approval of this scale and move straight to realizing this exciting project.
Key features;
- Development approval for fifty four (54) residential apartments, two (2) commercial shops with three levels of basement parking.
- Apartment configuration of; 3x3bed, 39x2bed, 12x1bed
- Total site area; 1076sqm*
- 24.38m* frontage to Derby St, 24.38m* rear lane boundary Kensington Lane
- 11 Derby Street; strata titled building comprising of 8 apartments
- 9 Derby Street; well presented freestanding cottage.
- 7 Derby Street; well presented freestanding cottage.
- Current income stream across 10 tenancies.
- Gross rental; $332 372.50 per annum*
- Outgoings; $21,304.76 per annum*
- Key retail location in Kogarah, 350m from Kogarah Train Station & Town Centre, 50m to Kogarah Public Hospital, 4km to Sydney Airport and 13km to the Sydney CBD.
Expressions of Interest closing Thursday, 18th November 2021 at 5:00pm.
For further details please contact Matthew Petrevski on 0401 610 995 or Frank Touma on 0402 061 276 from LJ Hooker Rockdale.
*approximate
Agent Interest
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