DA Approved Site In Sydney's Eastern Suburbs Education and Hospital Precinct
JLL and Knight Frank are exclusively appointed to offer 87-91 Middle Street, Kingsford for sale by expressions of interest.
This rare, DA approved, 1,398sqm site presents a remarkable development opportunity in Sydney’s Eastern Suburbs which is perfectly positioned next to Major Health, Education, Transport infrastructure and retail amenity.
•Large Scale New Generation Boarding House Development Site - 68 rooms, 2 common rooms, ample parking and amenity for tenants.
•Strong & Diversified Cashflow Asset - Project gross income of $1,890,300 on completion
•A Rare DA Approval - A favourable parking ratio outcome never to be replicated. Planning control changes hinder any further supply of boarding houses in the future
•Major Tenant Demand From The Surrounding Health & Education Precinct - 450m from Randwick Hospital Campus and 450m of UNSW Campus
•Supported by Extensive Transport Infrastructure - The property is located 750m from the Light Rail providing direct access to the CBD and other major rail links
•Sydney’s Eastern Suburbs has some of Australia’s highest rents and housing prices
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