DA Approval for 19 Room Boarding House - Ideal Location - Fantastic Cashflow - Excellent Investment Opportunity

26 Frenchs Forest Road, Frenchs Forest, 2086

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Contact for PriceFor Sale
  • Ownership Type House
  • Property Area 753 sqft
  • Bedrooms 3
  • Bathrooms 2
  • Furnished No
  • Last Updated 3rd Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Garage: 1
  • Open Spaces: 1
  • Broadband Internet Available
  • Built-in Wardrobes
  • Living Areas: 2
  • Toilets: 2

Property Overview

The DA approved site consists of 19 fully self-contained studio apartment rooms, including a manager's room, large communal facilities and one basement level of car parking in one of Sydney's fastest growing markets.
Features:-
- Estimated gross income of $405,080* ($410* per room)
- DA Approved for 19 rooms including 1 x manager's room
- Exceptionally rare offering due to new Parking Legislation
- Efficient build, with one basement level of car parking and limited
demolition required
- Generously sized rooms containing kitchenette facilities, ensuite plus large
communal facilities
- The new Northern Beaches Hospital and proposed Town Centre are the
catalyst for immediate and ongoing tenant demand.
- Within close proximity to an array of businesses, shops, cafe's and
supermarkets including retailers like Subway, Oporto, KFC, Woolworths,
Dan Murphy's and the newly renovated The Forest Hotel.
- Strategic location within a short walk to the Northern Beaches Hospital,
50m* from a bus stop with connections to the Sydney CBD, Chatswood,
Military Road and Manly.
- 75 meters* to Local Skyline Shops, cafes and professional businesses
- 15 mins* to Manly and Dee Why Beaches
- 25 mins* to Sydney CBD
- Ample nearby street parking
- The existing improvements consist of a three (3) bedroom residential
house on 753sqm parcel of land with park land at the rear.
** All Plans are available on our website at www.skylinerealestate.com.au

For more Information please feel free to contact
Stuart Bath - 0416 207 215 - [email protected]

Location on Google Map

26 Frenchs Forest Road, Frenchs Forest, 2086

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