CBRE as the exclusive sales agents are pleased to present to the market 32 Mary Street, Lidcombe. The property represents a great opportunity for an incoming developer to acquire a DA Approved boarding house development site.

32 Mary Street, Lidcombe benefits from the following key attributes:

-Development approved for a 7-Storey boarding house with 25 self contained rooms including managers room, communal space and undercroft carpark with further upside opportunity (STCA).
- Favourable planning controls with the possibility for increased floor space and building height, allowing for up to eight more rooms (STCA)
- In close proximity of Lidcome Train Station (450m*), John Street retail strip (300m*) and major retailers at Lidcombe Shopping Centre (1.5km*)
- Modern well presented proposed building, with kitchenette and bathrooms amenities to each studio-style room.
-Positioned to take advantage of Sydney's rental boom with vacancy rates in Cumberland region at 1.48%*, with extra inbound pressure from the opening of Australia's international borders.

32 Mary Street, Lidcombe will be sold via Expression of Interest closing Wednesday, 14 September 2022 at 4:00pm

Please enquire directly with the exclusive agents to arrange a private viewing.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approx.