There is an opportunity to acquire two adjacent sites giving a total land size of 1264.7 m2.
The properties are located on the eastern side of Randwick in a tightly held quiet cul-de-sac. A new development has the potential to gain water views from the mid and upper levels whilst receiving good solar accesses across the site. Purchase to develop now or to hold as a long-term investment. Close proximity to the light rail, Randwick shopping centre and Coogee Beach would make any development of the site attractive to future purchasers.
Total Land Size 1264.7 m2 Eastern boundary Approx. 54m
Site 1: Current 5 Br + 1 Br Duplex with 13 m pool Land size : 651.3 m2 Zoning R3 Build Height 9.5 m FSR 0.75 Current Rental Return $2,000 - $2,500 pw
Site 2: Current 4 Br with Pool Land Size 613.4 m2 Zoning R3 Build Height 12.0 m FSR 0.9
Current Rental Return $1,300 - $1,700 pw
Walk to shopping centre, The Spot. light rail and Coogee Beach