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5 Bishops Avenue, Randwick, NSW, 2031

Name: 5 Bishops Avenue, Randwick, NSW, 2031
Address: 5 Bishops Avenue , NSW, Randwick, NSW, 2031
Telephone: +61 425 337 691

+6 Photos

+8 Photos

SOLD

5 Bishops Avenue, Randwick, NSW, 2031

Properties / Sold / New South Wales / Randwick

Development Potential

1. Property Summary

Property Type

Residential

Land Area

544 m² (*approx)

Selling Method

Auction: Thursday, 9 September 2021.

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2. Property Highlights

Income & Development Potential

Operational 17-room boarding house
>$217,000 passing income
R3 Medium Density Zoning

Offered exclusively for sale via Public Auction, 5 Bishops Avenue represents an opportunity to acquire a high performing boarding house with underlying development upside.

Key property highlights include:

Strong positioning within the affluent Eastern Suburbs renowned for its stunning federation architecture and enticing suburban landscape
Holding income in excess of $217,000 per annum
Large, rectangular shaped 544m² allotment of land
12.19 X 44.2 metre site dimensions
Within a key infrastructure location benefitting from direct access to major transport links
Nestled between Sydney’s famous Eastern Beaches such as Clovelly and Coogee, and the Randwick Health precinct including Prince of Wales Hospital
Favourable R3 Medium Density Residential which permits a range of potential uses including residential dwellings, boarding houses and townhouse development (subject to relevant approvals)

The property will be sold via Online Auction on Thursday, 9 September 2021.

For more information please contact James Cowan or Miron Solomons

Remember to mention you found this property on DevelopmentReady

Development Potential

1. Property Summary

Property Type

Residential

Land Area

544 m² (*approx)

Selling method

Auction: Thursday, 9 September 2021.

2. Property Highlights

Income & Development Potential

Operational 17-room boarding house
>$217,000 passing income
R3 Medium Density Zoning

Offered exclusively for sale via Public Auction, 5 Bishops Avenue represents an opportunity to acquire a high performing boarding house with underlying development upside.

Key property highlights include:

Strong positioning within the affluent Eastern Suburbs renowned for its stunning federation architecture and enticing suburban landscape
Holding income in excess of $217,000 per annum
Large, rectangular shaped 544m² allotment of land
12.19 X 44.2 metre site dimensions
Within a key infrastructure location benefitting from direct access to major transport links
Nestled between Sydney’s famous Eastern Beaches such as Clovelly and Coogee, and the Randwick Health precinct including Prince of Wales Hospital
Favourable R3 Medium Density Residential which permits a range of potential uses including residential dwellings, boarding houses and townhouse development (subject to relevant approvals)

The property will be sold via Online Auction on Thursday, 9 September 2021.

For more information please contact James Cowan or Miron Solomons

Remember to mention you found this property on DevelopmentReady

Development Potential