R4 DEVELOPMENT SITE
Sensational opportunity to acquire a raw adjoining development site right next to Moorebank Shopping Centre & Nuwarra Public School. Consisting of R4 high density zoning with a 1.2 FSR & building height up to 18 metres. Featuring a total site area of 1366m2 of prime clean land with a wide 37.5m frontage. Ideally situated in one of Moorebank's most sought-after pocket's for developers, with a 5-storey high-rise consisting of 23 apartments obtaining DA approval right next door. Also ideal for investors looking to landbank with the site featuring two well maintained large brick houses which can obtain a potential combined rental income of $62,000 pa.
With recent apartment sales for 2 bedders selling from 550 – 580k & 3 bedders selling from 600k – 649k, this site presents exceptional upside with a high yield return.
The Site Features:
-Combined Land Size: 1366m2
-Development Potential: Apartments
-Frontage: 37.5 Metres
-Building Height: 18 metres
-Two existing brick well-presented houses
-Potential Rental Income: $62,000pa
Auction Onsite: Saturday 07.11.20 at 11:00AM
Opens: Saturday's 11:00 – 11:30am
Dean BOS 04 7474 7474
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