5 Bishops Avenue,
Randwick, NSW 2031
Shops & Retail • Offices • Development Sites & Land
Key property information
Land area
Floor area
Property extent
Sold on
Colliers - Sydney
Level 30, Grosvenor Place, 225 George StreetSYDNEY, NSW 2000
04253376...
5 Bishops Avenue
Randwick, NSW 2031
Map of 5 Bishops Avenue
Income & Development Potential
- Operational 17-room boarding house
- >$217,000 passing income
- R3 Medium Density Zoning
Key property highlights include:
- Strong positioning within the affluent Eastern Suburbs renowned for its stunning federation architecture and enticing suburban landscape
- Significant improvements with an adaptable and versatile floorplan
- Low risk income in excess of $217,000 per annum representing only $245 per week per room
- Large, rectangular shaped 544m² allotment of land
- Within a key infrastructure location benefitting from direct access to major transport links
- Nestled between Sydney’s famous Eastern Beaches such as Clovelly and Coogee, and the Randwick Health precinct including Prince of Wales Hospital
- Favourable R3 Medium Density Residential which permits a range of potential uses including residential dwellings, boarding houses and townhouse development (STCA)
The property will be sold via Auction on Thursday, 9 September 2021.
For more information please contact James Cowan or Miron Solomons.
- Strong positioning within the affluent Eastern Suburbs renowned for its stunning federation architecture and enticing suburban landscape
- Significant improvements with an adaptable and versatile floorplan
- Low risk income in excess of $217,000 per annum representing only $245 per week per room
- Large, rectangular shaped 544m² allotment of land
- Within a key infrastructure location benefitting from direct access to major transport links
- Nestled between Sydney’s famous Eastern Beaches such as Clovelly and Coogee, and the Randwick Health precinct including Prince of Wales Hospital
- Favourable R3 Medium Density Residential which permits a range of potential uses including residential dwellings, boarding houses and townhouse development (STCA)
The property will be sold via Auction on Thursday, 9 September 2021.
For more information please contact James Cowan or Miron Solomons.
Randwick, 2031 demographic data
The median household income for Randwick is $2,422, 17% higher than Greater Sydney's household income of $2,077. Randwick has a younger age profile compared to the rest of Greater Sydney (median age 36 vs 37). Property ownership data shows 48% of property owners in Randwick have a mortgage.
28,943
Population
$2,422 per week
Median household income
36 years
Median age
Renters
Most residents
Families
Most households
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
More properties from Colliers - Sydney
Other properties you might be interested in based on the location and property type you are looking at.
