16 Nesca Parade, The Hill, NSW 2300

For Sale

Expressions of Interest

Prime Re-development Site

Discover an unparalleled investment opportunity in the heart of The Hill with this impressive block of units at 16 Nesca Parade.

Prime Development-friendly topography - with wide street frontage in excess of 29 metres facing Armitage Street.

Approx 592m2 block Zoned R2, and providing potential to rebuild up to 8.5 metres high allowing scope for either a large 3 storey home, duplex, triplex or possibly 4 x 3-storey terrace style townhouses (STCA)

Property Features:

• 1960's Contemporary Unit block offering 8 x 1-bedroom units where the top floor units enjoy stunning elevated views - overlooking Cooks Hill and distant Mountain landscape to the West.

• Some renovated and all with existing tenancies, currently providing a high yield gross return in excess of $145,000 pa, with value-add potential to improve the unrenovated units and seek a higher rent.

• Nestled in a vibrant community, 16 Nesca Parade is conveniently located near local amenities, schools, parks and beaches.

Don't miss your chance to secure this remarkable property and reap the return while waiting for redevelopment approval.

Expressions of Interest Close 5.00pm 31st October, please note all offers need to be submited via the link in the 'Make An Offer' tab in the attachments section of the I.M report.

Tony Tolazzi

Partner | Sales

Got a property to sell? Contact us for a free Request Appraisal

Property Info:

Property ID: L35347410
Property Type:Block of Units
Building / Floor Area:320 sqm
Garages:4
Carports:4
Land Area:592 sqm

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