DA Approved 6 Level, 42 Room New Age Boarding House & Retail Shop, 24 Car Spaces

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

The property’s location offers convenient access to both Kogarah Train Station and Carlton Train Station, both within walking distance. This makes it an attractive option for hospital workers, students, and interns seeking accommodation in the area. Its strategic positioning, mere meters from St. George Hospital, coupled with easy access to nearby arterial roads, further enhances its appeal. Additionally, the site is a short stroll away from Kogarah and Carlton Train Stations, as well as main street retail, and is conveniently situated just 15km from Sydney CBD.

Outgoings

Council rate $928.00 Per Quarter

Water rates $282.00 Per Quarter

Land tax $15,600.00 Per Annum

Inspections:

As advertised or by private appointment.