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

‘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