Colliers are pleased to bring to the market an excellent DA approved development opportunity at 6-8 Vaughan Street, Blakehurst for sale via an Expression of Interest Campaign (EOI) closing Thursday 23rd September 2021 at 4pm (AEST). Positioned within the heart of the suburb of Blakehurst which is widely renowned as the most prestigious residential suburb within the St George LGA, this investment presents an unprecedented opportunity for developers to acquire prime real estate in the up and coming residential apartment precinct of Blakehurst.
The property is situated within the Georges River Local Council, this R3 - Medium Density Residential Zoned site has a total land area of 1,836m²* with a large street frontage spanning 35m*, including a maximum building height of 15m, and an FSR of 1.5 : 1 with an approval for 2,754m² of total gross floor area. Currently the site consists of two residential dwellings, one with a total land area of 1,050m²* and the other with a total land area of 791m²*. The property lies within an active investor and owner occupier purchaser's market with strong population growth, in addition to strong rental demand.
Key features of the property:
- 1,836m²* total land area
- 35m* Street Frontage
- Abundance of local schools in the area
- Parks and playgrounds within the immediate vicinity
- 2.9km* to Oatley Train Station
- 2.9km* to Hurstville Train Station
- 3.4km* to Westfield Hurstville
- 1.7km* to South Hurstville Retail hub
- 1.4km* to Blakehurst High School
- 500m* to Carss Bush Park
Key features of the site development:
- R3 - Medium Density Residential Zoning
- 15m height limit
- 1.5:1 FSR
- Approved GFA of 2,754m²*
- Premium DA approval for 32 Apartments
- Apartment Mix:
+ 1 Bed - 4 Units
+ 2 Bed - 17 Units
+ 3 Bed - 11 Units
- Approval for 59 car parks spread out over 2 basement levels
*All areas are approximate only.
For further information or to request an inspection please contact the exclusive selling agent:
Trent Gallagher
0432 242 063
Trent.Gallagher@colliers.com
