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18 Warners Avenue Willoughby NSW 2068

  • Development / Land
  • Land Size860 m²
  • PriceFor 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.

*approximations

Property Highlights

Property ID2014832140
Floor AreaAsk Agent
Land Area860 m²
ParkingOn street parking
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  11 Dec 2018
Map for 18 Warners Avenue Willoughby NSW 2068
Ralton Property Group
Suite 16, 108 Dunning Avenue, Rosebery NSW 2018

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