I.B Property is delighted to present 3 Gray Street, Kogarah, offering an exceptional opportunity with DA approval for a 29-unit boarding house, ideal for capitalizing on the thriving BTR market. With a generous site area of 537sqm* and a GFA of 936sqm*, the development encompasses 26 double bedrooms, 2 single bedrooms, and 1 site manager bedroom. The property features a basement car park accommodating 9 car spaces, 8 bicycle spaces, and 6 motorcycle spaces. Anticipating a gross income of $894,250* upon completion, this strategically positioned property is conveniently situated across from St. George TAFE, St. George Private Hospital, and St. George Bank HQ, ensuring easy access to nearby infrastructure, transport, and facilities.
Additional highlights of the property are outlined below:
- DA approved 29 unit boarding house
- Excellent opportunity to take advantage of the BTR market
- Site area - 537sqm*
- GFA - 936sqm*
- 26 x double bedroom, 2 x single bedroom & 1 x site manager bedroom
- Basement car park accommodating 9 car spaces, 8 bicycle spaces, and 6 motorcycle spaces
- Gross income of circa $894,250* once completed
- Conveniently located across from St. George TAFE, St. George Private Hospital and St. George Bank HQ with accessible transport
3 Gray Street, Kogarah will be for sale via Public Auction on Thursday, March 14th at 10:30 am.
For more information or to book an inspection, contact our exclusive selling agent Adam Droubi 0420 807 090.
