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Address available on request Marrickville, NSW 2204

Address available on request,
Marrickville, NSW 2204

Development Sites & Land • Shops & Retail • Offices

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SOLD PRIOR TO AUCTION

  • 1,007m² site
  • 18.29 metres frontage
  • Returning app. $220,000 per annum net
-1,007.1m² site* with an 18.29 metre* frontage.
-High profile site in a vibrant section of Illawarra Road metres from its intersection with Marrickville Road.
-Returning approx. $220,000 per annum net from 6 tenancies.
-Tenancies comprise of 2 x retail, 1 x office, 2 x residential and 1 x tower.
-Floor Space Ratio of 2.5:1 as per Marrickville Council LEP 2011.
-Potential to significantly increase returns.
-5 tenancies expire between now and Aug 2016, with the 6th tenancy being subject to a demolition clause.
-High demand suburb in Sydney’s strong performing Inner West.
-Attractive settlement terms.
-A rare opportunity – opportunities to purchase sites like this are rare. --Our vendors are genuine and seek a definite sale.

Buyers can look forward to achieving strong re-sales as part of any re-development in this appealing & strategic position. All the amenity of Marrickville’s shopping strip is at your doorstep and it is just 400 metres from Marrickville Train Station and 8 kilometres from Sydney CBD. This is the ideal position for your next project, one not to be missed.

For further details please contact Luke Smith on 0416 281 5... or Michael Fragakis on 0402 250 067.

Property ID: 501535507Last Updated: 21 Jul 2015

04162815...
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Address available on request
Marrickville, NSW 2204
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