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BLUE CHIP LAND BANK / HUGE DEVELOPMENT OPPORTUNITY (STCA)

BLUE CHIP LAND BANK / HUGE DEVELOPMENT OPPORTUNITY (STCA)

Property ID: 889785

KOGARAH 57A Montgomery Street

Listing Rooms3
Listing Bathrooms1
Listing Parking6

For Sale EXPRESSIONS OF INTEREST

Property Size: 269 sqm

A rare opportunity for an astute investor/developer to purchase this prime development/unit site (STCA) situated in the heart of Kogarah's medical district, located 100 metres to St George Private Hospital and St George Public Hospital and 300 metres to Kogarah station.

Currently used as an Anaesthetic Practice consulting rooms this property has a reception area, 3 consulting rooms, bathroom, kitchen with rear lane access and parking for 6 cars. Potential rent for the consulting rooms $75,000 per annum.

Development Potential
Zoned B4 mixed use
Building height 39 metres
Floor space ratio 4.5 to 1
Land size 6.1 x 44.2 = 269sqm

The unbeatable combination of commercial and residential makes this development site (STCA) a solid sound investment for the future.

Outgoings per annum: council $3,564.54 and water $759.49

For more information contact Lisa Sherry 0403 558 001

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Suburb Profile

Median House Price

1147500

Suburb Growth

0%
Peak Sale Month - June
Peak Sales - 6