5 Mona Street,
Allawah, NSW 2218
Development Sites & Land • Other
Price information
Sale
$6,000,000 including GST
Key property information
Land area
Floor area
Car spaces
Property extent
Zoning
Municipality
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$56,420
Number of Tenants
2 Tenants
Private inspections
to arrange a private inspection.
Map of 5 Mona Street
Train stations within 5 km of 5 Mona Street, Allawah, NSW 2218 Distance Allawah Station 114 m Carlton Station 1 km Hurstville Station 1.1 km Kogarah Station 1.9 km Penshurst Station 2.3 km POWERED BY HERE ©Bus stops within 5 km of 5 Mona Street, Allawah, NSW 2218 Distance Lily St at Roberts Lane 184 m Lily St Opp Roberts Lane 232 m Kempt Field, Durham St 237 m Lily St Before Durham St 260 m Lily St After Durham St 281 m POWERED BY HERE ©
POWERED BY HERE ©
A Must Buy | DA APPROVED BOARDING HOUSE | IM Available
- DA Approved 47 ROOMS Boarding house
- Weekly Rental Return $23,500 per week
- NEW housing SEPP Plus 30%
DA Approved boarding house 47 rooms with Room to add 2 more 101sqm apartments
Allawah NSW. The sale of this site
represents an exceptional opportunity for boutique developers and boarding house providers to make their mark in southern Sydney, the heart of St George area. The property is offered for sale.
The property is improved by a development approval, designed by the renowned
award-winning architectural firm A+ Design Group, for the demolition of the existing structures and the construction of a 7-storey boarding house containing 47 rooms over a single-level basement.
For a short-term return, there is a single-level dwelling divided into two(2) flats ensuring a recurring income stream before demolition and construction.
The affluent area of Allawah forms part of the St George area and is conveniently located only 100m* from Allawah Station.
This DA-approved boarding house will benefit the astute investor and developer by being one of the last remaining boarding houses permitted under the existing SEPP is in a highly sought-after area of Sydney with vacancy in this location having tightened to a ow of just 0.9%**.
Additional highlights of the asset include:
• DA approved for 47-room self-contained boarding house plus common room
• Site area - 667.1m2*
• 0.9% vacancy rate** in the surrounding area evidencing a strong demand for rental opportunities.
• Zoning R4 - High Density Residential
• FSR - 2 : 1
• Height Limit - 21m
• 100m* to Allawah Station
• 1km* to Westfield Hurstville
• 1.2km* to Hurstville Station
• Easy access to Sydney, Hurstville & Rockdale CBDs less
Allawah NSW. The sale of this site
represents an exceptional opportunity for boutique developers and boarding house providers to make their mark in southern Sydney, the heart of St George area. The property is offered for sale.
The property is improved by a development approval, designed by the renowned
award-winning architectural firm A+ Design Group, for the demolition of the existing structures and the construction of a 7-storey boarding house containing 47 rooms over a single-level basement.
For a short-term return, there is a single-level dwelling divided into two(2) flats ensuring a recurring income stream before demolition and construction.
The affluent area of Allawah forms part of the St George area and is conveniently located only 100m* from Allawah Station.
This DA-approved boarding house will benefit the astute investor and developer by being one of the last remaining boarding houses permitted under the existing SEPP is in a highly sought-after area of Sydney with vacancy in this location having tightened to a ow of just 0.9%**.
Additional highlights of the asset include:
• DA approved for 47-room self-contained boarding house plus common room
• Site area - 667.1m2*
• 0.9% vacancy rate** in the surrounding area evidencing a strong demand for rental opportunities.
• Zoning R4 - High Density Residential
• FSR - 2 : 1
• Height Limit - 21m
• 100m* to Allawah Station
• 1km* to Westfield Hurstville
• 1.2km* to Hurstville Station
• Easy access to Sydney, Hurstville & Rockdale CBDs less
Additional information
External websites
Property ID: 504618548Last Updated: 25 Nov 2024
04570568...
5 Mona Street
Allawah, NSW 2218
Singer Residential - JANNALI2/78 Railway Crescent
JANNALI, NSW 2226
JANNALI, NSW 2226
