An ideal opportunity for the astute developer or investor to secure this prime site with DA approval to construct a 4 storey mixed use building within this popular & rapidly evolving part of Sydney.

797sqm site across Two titles 19.9mt Frontage, Rear lane access Holding income - presently returning $143,327.28 per annum from 5 tenancies DA Approval for a 400m2 Ground floor indoor recreation facility & upper level new generation boarding house consisting of 35 boutique self-contained studios Single Level Basement with 17 car spaces Pre-commitment to lease the ground floor as a gymnasium at a commencing rent of $145,000 per annum net + GST on a 5 x 5year lease to a Plus Fitness franchisee Strong anticipated yield in this popular high demand location Estimated return on the completed development of approximately $800,000 per annum net with scope for future upside An advantageous approval that would be difficult to replicate given changes to planning controls Potential to explore amendments to current approval or alternate redevelopment strategies