THE PROPERTY DEVELOPMENT REVIEW
• Land size: 863m2 • DA approved for 37 rooms (35 double rooms and 2 single rooms) and Commercial space • Potential Net Return once fully completed = $960,000 + GST • Unique position for a Build-To-Rent opportunity • Great unit layout mix with 6 courtyard units and 23 balcony units • The site itself offers a great frontage onto Condamine Street, peacefully nestled amongst trees to the rear • Gateway suburb with huge tenant demand due to
close proximity to Manly, B Line Bus and Spit Bridge • Strong population and demographic trends in Manly Vale and Balgowlah • Exponential rental growth and capital appreciation forecasts for the region • Site is primed for development - no demolition required • 6 car spaces included, internal lift access, shared top floor common room with balcony and ground floor 40m2 (approx.) commercial/retail space • Carefully designed by the award winning - Gartner Trovato Architects
Agents: Vincent West 0403 444 000 Oliver Rosati 0428 877 888
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October / November 2024 – 31
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