23 Belmore Rd, Randwick, NSW 2031
Commercial Shop, Other
1
DEVELOPMENT SITE WITH DA APPROVAL
This remarkable property boasts a two-story mixed-use freehold, accompanied by a coveted DA for the construction of 9 self-contained studio apartments above existing commercial premises.
Main Features:
* A rare opportunity to capitalize on a DA project approved for 9 x self-contained studio apartments to be built above the existing, that provides an ideal investment opportunity.
* Also approved is communal room and large roof top terrace
* Spacious restaurant with a fully equipped kitchen, cold storage, and a grease trap, currently leased to longstanding tenant with a long history in Randwick. Lease currently has a demolition clause that is advantageous for both developers and investors, providing flexibility for future plans.
This is a unique opportunity to acquire a strategically positioned property in the heart of Randwick with significant development potential and a strong income stream. For further details and to explore this exceptional investment, please contact our exclusive selling agents.
Contact: George Karabalios 0411 505 111
Inspect: By Private Appointment
| Property: | Commercial Shop
Other |
| Parking: | 1 |
| Total Building Area: | 413m² |
| Council: | Randwick |
Open for Inspection Times:
Recent Sales in the Suburb of Randwick
Every precaution has been taken to establish accuracy of the information but does not constitute any representation by the vendor or real estate agent. You should make your own enquiries as to its accuracy.