35 ROOM MOTEL WITH DEVELOPMENT OPPORTUNITY ON 1,823SQM OF LAND
35 ROOM MOTEL WITH DEVELOPMENT OPPORTUNITY ON 1,823SQM OF LAND
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
Details
Updated on January 26, 2019 at 10:56 am- Property ID: DET-5784
- Price: For Sale $9,750,000
- Bedrooms: 35
- Bathrooms: 33
- Garages: 20
- Property Type: Boarding house, Development Site, Lodge, Motel
- Property Status: Commercial Sales
Overview
Property ID: DET-5784
- Boarding house, Development Site, Lodge, Motel
- 35
- 33
- 20