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12 Albert Street
Erskineville NSW 2043
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Sold on 24 Apr 2018

12 Albert Street Erskineville NSW 2043

  • Development / Land
  • 449 m²
  • Sold

DA Approved Boarding House

  • -
  • -
  • -

Savills are excited to offer 12 Albert Street, Erskineville to the market by way of auction.

This superby located development site provides a golden opportunity for developers, builders and savvy investors to take advantage of this rare DA approved boarding house, with an existing 5 bedroom house.

This unique development site creates an outstanding opportunity for the following reasons:

- DA Approved for 18 large boarding house rooms
- 3 train stations within 400m
- Existing well-presented 5 bedroom house with rental income
- Potential to modify current DA approval to increase number of rooms** (FSR 1.14 vs maximum allowable 1.5:1 after bonus 0.5 for boarding house)
- Cheap build - add-on and additions / no basement or lift
Construction certificate imminent
- Potential income once built: $400,000pa*
- Depreciation allowance once built: $62,500pa*
- Highly sought after suburb showing low vacancy rates and strong rental returns
- Easy walking distance to King Street shops, cafes & eateries
- Perfectly situated next door to Green Bans Park in a leafy pocket of Erskineville village
- Close proximity to RPA Hospital, Sydney University, UTS, Sydney Airport & CBD

*Approx.
** STCA

The property will be sold via public auction on Tuesday 24 April 2018 at 10:30am at:

Auction Works
Mezzanine Level
50 Margaret Street
Sydney NSW 2000

Please contact the exclusive selling agents for more information.

Savills Sydney
Savills Sydney
Level 25/1 Farrer Place
Sydney, NSW 2000

Property Highlights

Date Sold24 Apr 2018
Floor AreaAsk Agent
Land Area449 m²
ParkingOn site parking available
Property ID2014253476
Category
Last updated  12 Nov 2020
Map for 12 Albert Street Erskineville NSW 2043

Nearest transport* to 12 Albert Street Erskineville NSW 2043

Bus
Train
Tram
Ferry
Erskineville Rd At Prospect St236 m
King St At Erskineville Rd260 m
Newtown Station280 m
Erskineville Rd At Charles St286 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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Savills Sydney
Savills Sydney
Level 25/1 Farrer Place
Sydney, NSW 2000

Property Highlights

Date Sold24 Apr 2018
Floor AreaAsk Agent
Land Area449 m²
ParkingOn site parking available
Property ID2014253476
Category
Last updated  12 Nov 2020

Listed by

Nick Lower
Nick Lower
Savills Sydney
Call
+61 414 259 494

More about 12 Albert Street Erskineville NSW 2043

12 Albert Street Erskineville NSW 2043 is categorized as Land & Development Property. It has a land area of 449 m². The listing ID for this property is 2014253476.

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