Perfectly placed within metres to Campsie’s vibrant hub and station/shopping precinct and just 14km from Sydney CBD, this property presents an exceptional opportunity for investors/ developers to acquire a DA Approved new generation boarding house with an existing block of 8 x 2 bedroom strata titled units, fully leased and providing strong holding income. Take advantage of Sydney’s rising rental market and unprecedented demand for residential housing plus increased difficulty in obtaining new boarding house DA.

DA Approved for 59 studios with own bathrooms and kitchens
Architectural modern design, Land approx. 1013sqm ( 20.19m x 50.29m )
Flexible R4 High Density zoning offers multiple development options
Existing 8 x 2 bedroom strata block with current income $203,870
Strong returns/cash flow once complete ( Est GAR $1,534,000 pa )
Part of former Sydenham to Bankstown Urban Renewal corridor
400 metres to Campsie railway station and hub
600 metres to Campsie Shopping precinct
400 metres to Harcourt Public School

For further information including a copy of the plans, please contact the agent with interest.

Inspect: As advertised or by appointment
Auction: On Site Saturday 6th December at 10:45am (unless sold prior)
Agent Interest: David Pisano – 0408 835 606