16-24 Belmore Road, Randwick
Substantial Development Site of 1605m2 approx.
Retail
Sold
Property Information
- Floor area approx 1605sqm
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16-24 Belmore Road & 4 Elizabeth Street, Randwick.
An outstanding development opportunity with nearly 35 metre frontage to Belmore Road and rear access from Elizabeth Street.
Currently comprising three separate titles with 3 x commercial/retail terraces and 2 x residential flats plus 1 x independent building used as banking chamber and a single level commercial building, the site offers a unique opportunity for a rare consolidation of the titles.
5 x commercial/retail tenancies and 2 x residential tenancies.
Current gross rental of $900,000.00 per annum (ex. GST) approx. with an FSR of 2:1 and maximum building height of 12 metres.
Absolute prime opportunity in the heart of the Randwick CBD for astute investors & developers.
Public Tender closing at 4pm on Thursday 19 May 2016.
A full copy of the information memorandum, tender document and contract of sale are available on request.
Location and Amenities
Nearby Government Schools
Randwick Public School, Centennial Park School, NSW School of Languages, Sydney Childrens Hospital School, Randwick Girls High School, Rainbow Street Public School, Coogee Public School & Randwick Boys High SchoolNearby Private Schools
Coogee Boys' Preparatory School, Marcellin College, The Joseph Varga School, Our Lady of the Sacred Heart Catholic Primary School, Claremont College, Brigidine College Randwick, Emanuel School & St Margaret Mary's Catholic Primary SchoolContact Michael Laing and Michael Carolan for more information.
Michael Carolan
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