Name: 1 King Street, Randwick, NSW, 2031
Address: 1 King Street , NSW, Randwick, NSW, 2031
Telephone: +61 405 421 929

+6 Photos

SOLD

1 King Street, Randwick, NSW, 2031

Properties / Sold / New South Wales / Randwick

Development Approved

1. Property Summary

Property Type

Residential

Land Area

171 m² (*approx)

Selling Method

Auction: Saturday 20 February, 9:00am

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2. Property Highlights

Rare DA Approved Randwick Development Site!

DA Approved for 8 self-contained rooms
Corner site with no basement
R3 Medium Density Zoning

Tuxcomm Property and McGrath Estate Agents are delighted to present for sale via auction 1 King Street, Randwick; An exceptional DA approved boarding house development in a prime Eastern Suburbs location, arguably one of Eastern Suburbs best designed boarding house development sites.

Property features include:

- DA Approved for 8 self-contained rooms
- Corner site with no basement car park required
- Immediate access to transport and amenity - light rail stop 350m* away
- Opposite the Randwick Tafe
- Walk to UNSW, Randwick Racecourse, and retail village
- Attractive design by respected architect
- Strong rental growth (estimated current rental $450 per room)
- Generously sized rooms containing kitchenette and ensuite facilities
- Strong tenant profile - Doctors, Nurses, Young Professionals and Students
- Estimated annual gross income of $200,000 once completed
- R3 Medium Density Zoning

The property is offered for sale via on site auction Saturday 20th February 2021 at 9.00am.

For more information, please contact the selling agents below:

McGrath
Nicholas Wise
0410 121 533

Tuxcomm Property
Nick Tuxworth
0405 421 929

*Approx.

Remember to mention you found this property on DevelopmentReady

Development Approved