Sold
Shell Randwick, 43-47 Frenchmans Road, Randwick, NSW, 2031
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1. Property Summary
Property Type
Residential, Commercial
Land Area
1,245 m² (*approx)
Selling Method
SOLD: $8,250,000
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2. Property Highlights
RARE EASTERN SUBURBS INVESTMENT WITH DEVELOPMENT UPSIDE (STCA)
SOLD
- 1,245sq. m* land parcel with residential / commercial development upside (STCA)
- Triple net lease with 2* years and 1 x 5-year option remaining
- Viva Energy Australia to remediate site to highest and best use at end of term
- Net income $211,104* p.a., all outgoings paid by tenant including land tax
- Located 1.2km* from Randwick light rail & 2.2km* from Clovelly Beach
- Corner position in central Eastern suburbs location
- Zoned: B1 Neighbourhood Centre, FSR: 1.5:1
* Approx
Remember to mention you found this property on DevelopmentReady
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Development Potential
Development Potential
1. Property Summary
Property Type
Residential, Commercial
Land Area
1,245 m² (*approx)
Selling method
SOLD: $8,250,000
2. Property Highlights
RARE EASTERN SUBURBS INVESTMENT WITH DEVELOPMENT UPSIDE (STCA)
SOLD
- 1,245sq. m* land parcel with residential / commercial development upside (STCA)
- Triple net lease with 2* years and 1 x 5-year option remaining
- Viva Energy Australia to remediate site to highest and best use at end of term
- Net income $211,104* p.a., all outgoings paid by tenant including land tax
- Located 1.2km* from Randwick light rail & 2.2km* from Clovelly Beach
- Corner position in central Eastern suburbs location
- Zoned: B1 Neighbourhood Centre, FSR: 1.5:1
* Approx
Remember to mention you found this property on DevelopmentReady
Read More