23 Courland Street Randwick

23 Courland Street, Randwick 2031

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LEASED SOLD
  • Area m2 462m2
  • Sale Price EOI closing 21/12/2018
  • Method of Sale Expression of interest
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Property for Sale

The complete Eastern suburbs package - 16 Studio Boarding House Sect 96 & LEC Approvals in Place, CC Fees paid – Builder ready to start. Purchase the land parcel, take advantage of a fixed price building contract with a reputable builder and write yourself into a 20% + profit and have it built for you in 15 months! Features:
  • Eye-catching Fox Johnston Architects Design DA/827/2014A
  • Ivory white part 3-part 4 storey Boarding House complex with feature louver sunshield privacy sliders and central garden breakout courtyard
  • 16 Self Contained all ensuite apartments ranging in size from 17-33 sqm of internal area, exceptional light to four sides
  • Efficiently designed with gallery kitchens in two-unit blocks, all with generous balconies
  • Randwick Council ‘Residential 2B’ zoned land parcel of 461.6 sqm approx*
  • Conservatively estimated at $412,000 per annum gross income upon completion (fully leased) based on a very realistic rental range of $445 -$520 per week
  • Strong rental demand, limited affordable apartment supply available and excellent depreciation benefits will apply
Our client wants to conclude a deal prior to Christmas 2018 and we encourage Boarding House operators, astute investors and entrepreneurs looking for a trouble free ‘uplift’ to consider this unique Randwick development opportunity. EOI closes 3.00pm on Friday 21st December 2018 in the form of a signed contract and a cheque. *approx. - subject to survey

Location

Ideally located between Coogee Beach and Randwick Village, within easy striking distance of Coogee Beach, Sydney Children’s Hospital, Randwick Race Course and close to schools, cafes and bus services.

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