We are pleased to present 8 & 10 Australia Street, St Marys brought to you by Raine & Horne St Marys and award winning agent Peter Diamantidis.
An opportunity like this is very rare to come onto the market with 2 adjoining owners looking at selling, this is a great opportunity for a developer to secure 2 properties side by side and develop!
Having a total land size of 2428sqm and frontage of 40 metres this property would comply with recent changes making it a minimum of 22 metres frontage to develop.
Another key feature is the close proximity to St Marys C.B.D like railway station, shopping centre and bus interchange… Basically it would be hard to find anything closer!
LAND INFORMATION & TOWNHOUSE DEVELOPMENT POTENTIAL
- Total land 2428sqm (approx)
- 40m frontage (approx)
- 60 metres in depth (approx)
- Potential to build 12 townhouses (subject to council approval and based on past approvals)
Both properties have a combined rental income of $1,060 per week which both tenants are happy to stay on while plans are drawn up to develop.
|R&H Suburb Summary||Houses|
|Number of sales||100|
|Median Rental Price||$380 p.w.|
|Change in Rental Rate (5yr)||3 %|
|R&H Suburb Summary||Units|
|Number of sales||161|
|Median Rental Price||$360 p.w.|
|Change in Rental Rate (5yr)||-3 %|