PRIME INNER WEST DEVELOPMENT SITE WITH SIGNIFICANT HOLDING INCOME
1,007.1m site* with an 18.29 metre* frontage.
High profile site in a vibrant section of Illawarra Road metres from its intersection with Marrickville Road.
Returning approx. $220,000 per annum net from 6 tenancies.
Tenancies comprise of 2 x retail, 1 x office, 2 x residential and 1 x tower.
Floor Space Ratio of 2.5:1 as per Marrickville Council LEP 2011.
Potential to significantly increase returns.
5 tenancies expire between now and Aug 2016, with the 6th tenancy being subject to a demolition clause.
High demand suburb in Sydney's strong performing Inner West.
Attractive settlement ...
Expressions of Interest
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