18 Warners Avenue Willoughby NSW 2068
- Development / Land
- 860 m²
- For Sale, Expression of Interest
Lower North Shore site occupying an impressive 860sqm*
- - Significant site area of 860 sqm*
- - R3 Medium density zoning
- - Floor space ratio of 0.7:1
Ralton as exclusive marketing agents are thrilled to offer to the market 18 Warners Avenue, Willoughby “Warners New Gen” for sale via Expressions of interest.
“Warners New Gen” represents a unique opportunity to acquire a highly sought-after elevated parcel of tightly held land situated just minutes from all the required amenities of a desirable Lower North Shore location.
This site is being sold RAW with extended settlement terms available. This site is perfect for a New Generation Boarding House consisting of approximately 28-32 rooms with basement parking subject to council approval.
This Lower North Shore site occupying an impressive 860sqm*, enjoys close proximity to Northbridge shopping plaza (800m*) & the Quadrangle shopping village (300m*) which offers shops, speciality food outlets and public transport.
The site also benefits from R3 Medium Density Residential zoning and a 9-metre height limit allowing for a redevelopment into a new generation boarding house (STCA).
- Significant site area of 860 sqm*
- R3 Medium density zoning
- Floor space ratio of 0.7:1
- Height of the building 9m
- Situated just 800m* from Northbridge shopping plaza and 300m* to Quadrangle shopping village, Castlecrag
- High Demand for affordable accommodation
Based on comparables within the area, it is estimated that each boarding room will generate a weekly rental return of $350p/w - $375p/w.
Based on 28 rooms at $350p/w to $375p/w, the anticipated gross p/a total income is $509,600 to $546,000 at full capacity.
With these attractive projected numbers, 18 Warners Avenue, Willoughby, NSW 2068 “Warners New Gen” offers astute investors an opportunity to purchase a future high yielding asset within a highly sought after location.
The site will be Sold via Expressions of Interest submitted to exclusive agents Ralton Property Group.
|Floor Area||Ask Agent|
|Land Area||860 m²|
|Parking||On street parking|
|Annual Return||Ask Agent|
|Last updated||11 Dec 2018|