Situated strategically opposite Kingsford's light rail station and within a mere 900-meter walk from the prestigious University of New South Wales, this exceptional property presents an enticing investment opportunity. Comprising four freestanding properties with dual street access, the site offers a level and unencumbered rectangular plot, making it an ideal canvas for development.
Location Advantage:
The property's prime location directly opposite the Kingsford light rail station not only ensures convenient access to public transportation but also enhances its attractiveness for various development purposes. With the University of New South Wales in close proximity, along with the Prince Of Wales Hospital, the area boasts a high demand for residential and student accommodation, making it an ideal investment hotspot.
Development Potential:
Under the prevailing planning controls, the site presents a myriad of development possibilities. Prospective buyers have the flexibility to explore options such as multi-residential developments, student accommodations, mature age living facilities, or boarding homes. The permissive zoning regulations coupled with the property's dual street access offer developers a wide scope for creative and lucrative projects.
Key Features:
Zoned R3 1626 sqm or 2601 sqm of gfa 40m frontage x 40.58/50.58 length Height Of Building 16.5m
Dual Street Access: The property enjoys access from two streets, providing flexibility in design and construction logistics.
Level and Clean Site: With no encroachments and a level terrain, the site minimizes the complexities associated with site preparation, facilitating smoother development processes.
Rectangular Shape: The regular shape of the property lends itself well to efficient land utilization and optimal spatial planning for development projects.
Investment Potential:
Given its strategic location, versatile zoning provisions, and proximity to educational institutions, the property holds immense investment potential. Developers, investors, and stakeholders keen on tapping into the burgeoning demand for housing and accommodation in the area stand to benefit significantly from this prime real estate opportunity.
EOI: Closing 12th April 2024
Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries.
