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Illawarra Road
Marrickville NSW 2204
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Sold on 30 Jun 2016

Illawarra Road Marrickville NSW 2204

  • Development / Land
  • 1,008 m²
  • Sold

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 terms.
A rare opportunity opportunities to purchase sites like this are rare. Our vendors are genuine and seek a definite sale.

Buyers can look forward to achieving strong re-sales as part of any re-development in this appealing & strategic position. All the amenity of Marrickville's shopping strip is at your doorstep and it is just 400 metres from Marrickville Train Station and 8 kilometres from Sydney CBD. This is the ideal position for your next project, one not to be missed.

AUCTION
Tuesday 2nd June 2015 commencing at 10:30am at Auctionworks - 50 Margaret Street, Sydney.

For further details please contact Luke Smith on 0416 281 577 or Michael Fragakis on 0402 250 067.

Property Highlights

Date Sold30 Jun 2016
Floor AreaAsk Agent
Land Area1,008 m²
ParkingAsk Agent
Property ID2011925024
Category
Last updated  13 Aug 2016
Map for Illawarra Road Marrickville NSW 2204

Property Highlights

Date Sold30 Jun 2016
Floor AreaAsk Agent
Land Area1,008 m²
ParkingAsk Agent
Property ID2011925024
Category
Last updated  13 Aug 2016
4-8 Gladstone Street Marrickville NSW 2204

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