BOUTIQUE R4 ZONING DEVELOPMENT OPPORTUNITY – TROPHY ASSET IN BELMORE

Professionals Belmore is excited to present this lucrative opportunity on a prime corner position for the astute developer/investor looking to capitalise in the thriving suburb of Belmore.<br/><br/>Currently two well established brick homes in one line, and a rear block with a 60m2 double garage rented separately, it provides a total weekly income of $1500 approx ($78,000 p.a).<br/><br/>Offering multiple straightforward development options under the R4 zoning code with a total land size of 1252m2, this trophy asset has immense value potential in a vibrant suburb with high demand.<br/><br/>- Previously D.A Approved for boutique site of 8x2 bedroom apartments and 4x3 bedroom apartments with courtyards, multiple garages and storerooms (plans available)<br/>- Potential boarding house site for 32-34 rooms (S.T.C.A)<br/>- Substantial site area of 1252m2 approx. (27.43m x 45.72m) with two street frontages<br/>- Zoned R4 High Density Residential in Canterbury-Bankstown Council<br/>- 27 Yangoora Road: 4-bedroom full brick home with driveway to lockup garage in good condition <br/>- 29 Yangoora Road: 4-bedroom full brick home with dual street access in good condition<br/>- Rear yard with 60m2 workshop/garage: currently rented separately for $1500/month<br/>- 2-mins to Belmore station, 300m to Belmore Boys High School and 4-mins to Canterbury Leagues Club<br/>- 3-mins to Belfield shops, close to transport options and 15km to Sydney CBD<br/><br/>This is a golden opportunity to secure an expansive site with excellent development potential and substantial income close to Belmore and Belfield amenities.<br/><br/>Auction: Saturday 16th October at 2:00pm<br/>Land Size: 27.43m x 45.72m = 1252m2 approx. <br/>Inspection: By Appointment 7 Days a Week <br/>Details: Michael Sabongi 0448 419 008 / Jenny Nassour 9758 2744