Raine and Horne Commercial Annandale are pleased to present 845 – 847 New Canterbury Road, Dulwich Hill.
This is an exciting opportunity to secure two lots on one title. Last sold thirty five years ago. Currently used as a Medical Centre. Lease expires in May 2022 and tenant would like to stay on. Passing income in place is a perfect situation whilst submitting plans to council.
-Two lots on one title – 774sqm approx.
-Street Frontage – 12.2 meters
-Zoned B2 – Local Centre
-FSR – 1.75 : 1
-Height Permitted – 14 meters
-Future Development – STCA
-Prime for Mixed Use Development
Details of Rental Income:
Medical Centre – $67,000 plus GST NET p.a.
Outgoings (paid by tenant) approx.:
Land Tax – $30,000 p.a. Council Rates – $8,000 p.a. Water Rates – $800 p.a. Insurance $2000 p.a.
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|R&H Suburb Summary||Houses|
|Number of sales||84|
|Median Rental Price||$750 p.w.|
|Change in Rental Rate (5yr)||8 %|
|R&H Suburb Summary||Units|
|Number of sales||198|
|Median Rental Price||$450 p.w.|
|Change in Rental Rate (5yr)||-2 %|