Description

D’Ettorre Real Estate is delighted to offer 248 Railway Parade, Kogarah to the market. The site is approved for use as a new age boarding house. Once completed, it will offer ultra-convenience with close access to St. George Hospital and Health Services, which are part of the South-Eastern Sydney Local Health District, as well as transport facilities.

Handy & prominent corner position (Blake & Railway Parade)
All 42 rooms are fully self-contained with balconies
Land size 411 sqm- GFA 1,972.8 SQM
6 levels, total 42 rooms, 80 sqm retail shop
3 levels of basement parking with 24 x car spaces
9 x Motorbike spaces & 9 x Bicycle spaces
Current tenant operates car mechanic workshop
Current Income $3,900.00 including GST per month $46,800.00 Per Annum
Development approval will lapse on 13 August 2025
Please note, the vendor is progressing the Construction Certificate (C.C) to ensure it is obtained prior to the Development Application (D.A) expiry on 13th August, with substantial commencement to be completed before this date.