35 ROOM MOTEL WITH DEVELOPMENT OPPORTUNITY ON 1,823SQM OF LAND

314 Pacific Hwy, Greenwich NSW 2065, Australia
  • 35
  • 33
  • 20
FOR SALE$9,750,000
  • Description
  • Details
  • Inspections

Description

‘Linwood Lodge’

RAW DEVELOPMENT SITE ON 4 LOTS – POTENTIAL FOR STUDENT ACCOMMODATION, BOARDING HOUSE OR STUDIO APARTMENTS

 

PRIZED LOCATION CLOSE TO CHATSWOOD & ST LEONARDS WITH PANORAMIC CITY VIEWS

Property Overview:

– 35 Rooms with 3 managers quarters

– 3 Separate buildings spread over 3 lots —1x single storey | 2x double storey

– 20 car spaces with 3 undercover car spaces

– To be sold as a going concern

– Land size of approximately 1,823.23 sqm

– A wide 50 metre frontage

– FSR: 0.8:1 | Height limit: 12 metres | Zoning: R4 High Density Residential

– Potential GFA of 1,458.58 (S.T.C.A.)

– LGA: Lane Cove

– Lot DP – 39/-/DP7626 ,3/-/DP367633, 2/-/DP367633

– Average Gross Annual Income of approximately $600,000

– Outgoings:

– Land tax $28,884

– Council rates $7,600

– Operating costs: Upon Application

Inspections: By appointment only.

Detail

Updated on October 2, 2018 at 4:11 pm

  • Property ID: DET-5784
  • Price: FOR SALE $9,750,000
  • Bedrooms: 35
  • Bathrooms: 33
  • Garage: 20
  • Property Type: Boarding house, Development Site, Lodge, Motel
  • Property Status: Commercial Sales

Inspection:

As Advertised or by Appointment