DA Approved Boarding House Site Savills is pleased to announce the sale of, 9-11 Lexington Place, Maroubra. An exceptional opportunity for developers to buy a rare DA approved boarding house site for 19 large rooms, a managers room and a cafe in one of Sydneys fastest growing markets. DA approved for 19 rooms, 1 x managers rooms and a caf Potential for fully leased gross income of $460,000 - $500,000 per annum * Exceptionally rare offering due to new Parking Legislation which came into effect in July 2018 Efficient and easy build, with no basement A rare opportunity to invest in a site 11km from Sydney CBD, close proximity to local shops and Maroubra Beach and within 5km radius of UNSW and Prince of Wales Hospital $2.5 billion worth of new infrastructure has invested into the University of UNSW, light rail and Randwick Hospital upgrade making for an opportunity to secure a development site in a suburb with exponential growth Holding income of $45,760 per annum * Situated in a low vacancy suburb with increasing rental returns Seen an Annual Capital Growth of 9.9% in the last year exceptional opportunity!*Approx.For further information please contact exclusive agents.