Whole 368 Abercrombie Street Darlington, NSW 2008

Sold on 12 Jul 2019Floorplan

Building: 185m²

Agents

Sold By

Land/Development in Darlington

Commercial/Residential Plus Potential - Price Reduced to Sell

Building: 185m²

Additional Information:

Floorplan

Solid two level commercial building with three street frontages, located at the intersection of Carrington Street opposite Sydney University business school and the Royal Hotel, within walking distance of the Carriageworks, Redfern Station & RPA.

Accommodation rooms above with DA approval for residential. The building is currently under capitalised and ready to bloom, waiting to be recreated to benefit this dynamic buzzing location.

Site area: 185sqm (approx.)
Ground level with LUG currently leased to longstanding restaurant
Level 1 with DA approval for a 4 bedroom residence
Zoned R1, FSR 1.7:1, Height: 9metres
Estimated GAR $130,000 pa (approx.) on a fully leased basis
Development potential for an extra level with bonuses (STCA) with demand for student accommodation

Building:

185m²

Share:

Investment Information

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

Council:

City of Sydney

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply