Land/Development for Sale

498 - 500 Bunnerong Road Matraville, NSW 2036

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  • Building/Land: 375.7m² (0.09 acres)

Inspections are available by appointment only. Contact the agent to request an inspection.

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Land/Development for Sale in Matraville

Whole Commercial Building Investment/Development

  • Building/Land: 375.7m² (0.09 acres)

Prime freestanding commercial building consisting of 4 shops and a 4 bedroom residence above and parking of rear lane with approx holding income with potential to upgrade. Situated in the middle of the shopping precinct opposite the recently developed Peninsula includes Woolworths supermarket. This property offers an excellent opportunity to redevelop (STCA) with possibility to amalgamate with adjoining properties. Suit Investors, developers and land bankers in an up and coming growth area with future upside.

  • Site area 375.7 sqm (approx.)
  • 2 street access
  • No FSR
  • Height 4/5 levels
  • Holding income approx $113k pa. Fully leased (shop 4 vacant)
  • Randwick City Council DCP 2013

Outgoings:
Council rates and Water rates: $2091.55 per quarter
Land Tax: $9344.35 pa

EOI Closing Thursday 30 November 2017

Building:

375.7m²

Land:

375.7m² / 0.09 acres

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