This property is a unit on a parcel in 1/DP71301 Randwick NSW. The local government is Randwick, featuring 0 bedrooms, 0 bathrooms.
Substantial Development Site of 1605m2 approx. 16-24 Belmore Road & 4 Elizabeth Street, Randwick.An outstanding development opportunity with nearly 35 metre frontage to Belmore Road and rear access from Elizabeth Street.Currently comprising three separate titles with 3 x commercial/retail terraces and 2 x residential flats plus 1 x independent building used as banking chamber and a single level commercial building, the site offers a unique opportunity for a rare consolidation of the titles.5 x commercial/retail tenancies and 2 x residential tenancies.Current gross rental of over $900,000.00 per annum (ex. GST) with an FSR of 2:1 and maximum building height of 12 metres.Absolute prime opportunity in the heart of the Randwick CBD for astute investors & developers.Public Tender closing at 4pm on Thursday 19 May 2016.A full copy of the Information Memorandum, tender document and contract of sale are available on request.