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2C Gladstone Street
Newtown NSW 2042
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Sold on 23 Oct 2023

2C Gladstone Street Newtown NSW 2042

  • Development / Land
  • 1,320 m²
  • Sold

DA Approved Mixed Use Development Site with existing holding income

    I.B Property in conjunction with Colliers are proud to present 2C Gladstone Street, Newtown, available for sale via Expression of Interest.

    This prime property, located on the corner of Gladstone Street and Phillip Lane, offers a generous land area of 1,320m2* and holds a valuable Development Approval with an FSR of 2.047:1 encompassing 12 apartments, 1,454m2* of commercial space designed by renowned architects PBD Architects, and 31 car spaces. With an E3 Productivity Support zoning, approved FSR of 2.047:1 and a height limit of 14m, this property presents a versatile potential for its future development as the DA approval exceeds the FSR control. Generating a steady holding income of $220,617* per annum, its strategic position in the heart of Newtown, in close proximity to Newtown Train station, King St Precinct, and the Enmore Theatre, adds to its allure as a compelling investment opportunity.

    Key Highlights:
    1. Land area 1,320m2*
    2. Located on the corner of Gladstone Street and Phillip Lane
    3. Valuable DA Approval for 12 apartments, 1,454m2* of commercial space & 31 car spaces
    4. Zoning E3 Productivity Support
    5. Approved FSR of 2.047:1
    6. Approved GFA of 2,702sqm*
    7. Height limit 14m
    8. Holding income of $220,617* per annum
    9. Convenient location located in the heart of Newtown close to the station and moments off King St and the Enmore Theatre.

    2C Gladstone Street, Newtown is for sale via Expression of Interest closing Thursday, October 12th 2023 at 2:00pm.

    Don't miss out on this rare opportunity to secure a promising investment and contact the exclusive selling agents.

    IB Property
    IB Property
    322 Crown Street
    Surry Hills, NSW 2010

    Property Highlights

    Date Sold23 Oct 2023
    Floor Area1,320 m²
    Land Area1,320 m²
    Parking31 x Onsite parkings
    Property ID2018759393
    Category
    Last updated  22 Oct 2023
    Map for 2C Gladstone Street Newtown NSW 2042

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    IB Property
    IB Property
    322 Crown Street
    Surry Hills, NSW 2010

    Property Highlights

    Date Sold23 Oct 2023
    Floor Area1,320 m²
    Land Area1,320 m²
    Parking31 x Onsite parkings
    Property ID2018759393
    Category
    Last updated  22 Oct 2023

    More about 2C Gladstone Street Newtown NSW 2042

    2c Gladstone Street Newtown NSW 2042 is categorized as Land & Development Property. It has a floor area of 1,320 m² and a land area of 1,320 m². There are 31 x onsite parkings.The listing ID for this property is 2018759393.

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