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 January 26, 2019 at 10:56 am

  • 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