Development Prospect With Holding Income
$1,200,000 (Sold as a going concern)
199 Corlette Street
The Junction NSW 2291
Offices
FOR SALE
105m2
Perfectly positioned near business, beach and schools, this property presents a brilliant re-development opportunity in a sought after location. The property is zoned B(2) Local Centre which allows a mixture of residential and commercial accommodation (subject to council approval).
It is offered for sale with concept plans for (14) studio apartments and ground floor commercial suite.
- Land area 333m (approx.)
- (14) metre height limit
- Floor space ratio 2:1
- Current net income $29,705 per annum
A rare opportunity to acquire property in this blue ribbon suburb and located just (1) minute walk from Junction Fair Shopping Centre.
It is offered for sale with concept plans for (14) studio apartments and ground floor commercial suite.
- Land area 333m (approx.)
- (14) metre height limit
- Floor space ratio 2:1
- Current net income $29,705 per annum
A rare opportunity to acquire property in this blue ribbon suburb and located just (1) minute walk from Junction Fair Shopping Centre.