Description

Currently it is an existing 2 buildings, x 2 level each, containing 6 x 2 bedroom units, 3 units in each building, rental income in this covid’s period is $115,000 per year, corner location, Corner of Railway Parade, Da plans is being prepared for potential 23 units, in the process of preparing plans for the Proposed Construction of a 7 storey residential building with 23 units to comprise 7 x 1 bedroom, 5 x 2 bedroom & 11 x 3 bedrooms including 3 adaptable units, Communal open space is provided on the ground floor & the rooftop terrace, Face brickwork, aluminium facade & louvres, concrete steel trowel, eaves gutter, metal wall cladding & aluminium framed windows & doors. Site Area: 991 m2, 2 levels of basement car parking for 32 vehicles, 2 of the 6 Leases are expired, the other 4 leases has 6-12 Month Leases to go, residential can continues as long as is necessary, potential strata subdivision