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Colliers - Sydney

5 Bishops Avenue Randwick, NSW 2031

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5 Bishops Avenue,
Randwick, NSW 2031

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Key property information

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Colliers - Sydney
Miron Solomons
James Cowan

Colliers - Sydney

Level 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
Colliers - Sydney
5 Bishops Avenue
Randwick, NSW 2031

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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.

Property ID: 503889158Last Updated: 9 Nov 2021

Colliers - Sydney
Level 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
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