RARE DEVELOPMENT OFFERING Located in the highly desirable inner western residential precinct of Brompton, 36 Second Street, provides an opportunity to secure a compact site with upside to be gained through residential development.
Totalling 366sqm* split over two certificates of title, the property has three street frontages to Second Street, Taylor Street and the rear lane. The property is improved with existing warehousing providing of 176sqm of building area.
The property is leased providing valuable holding income of $18,876 per annum net. The lease expires on 17th April 2017 which will significantly reduce...
Outstanding Development Site * Total site area 1,177 square metres (approx) * Corner site with three separate allotments * Excellent Port Road exposure * Key inner west location * Great access - three street frontages * Zoned District Centre - Hindmarsh Policy Area 2
Public Auction to be held Thursday 20 October 2016 at 11am on site.
Investment with Development Potential * Two storey character hotel on 521sq m comprising modern front bar, bistro, enclosed beer garden, gaming room, first floor office.
* Adjacent Entertainment Centre
* Zoned District Centre
* Current rental $96,000 pa plus GST - 5 years from August 2014
For Sale by Public Auction to be held on the property Friday 8 July 2016 at 2pm.