5-7 Fifth Avenue Campsie NSW 2194

Development / Land
1,013 m²
For Sale, Recession Proof Investment

DA Approved New Age Boarding House for 59 studios, Existing 8 x 2 bed Strata Block with Holding Income

Perfectly placed within metres to Campsie's vibrant hub and station/shopping precinct and just 14km from Sydney CBD, this property presents an exceptional opportunity for investors/ developers to acquire a DA Approved new generation boarding house with an existing block of 8 x 2 bedroom strata titled units, fully leased and providing strong holding income. Take advantage of Sydney's rising rental market and unprecedented demand for residential housing plus increased difficulty in obtaining new boarding house DA.

* DA Approved for 59 studios with own bathrooms and kitchens
* Architectural modern design, Land approx 1013sqm ( 20.19m x 50.29m )
* Flexible R4 High Density zoning offers multiple development options
* Existing 8 x 2 bedroom strata block with current income $195,520
* Strong returns/cash flow once complete ( Est GAR $1,380,000 pa )
* Part of former Sydenham to Bankstown Urban Renewal corridor
* 400 metres to Campsie railway station and hub
* 600 metres to Campsie Shopping precinct
* 400 metres to Harcourt Public School

For further information including a copy of the plans, please contact the agent with interest.

Details: David Pisano - 0408 835 606

LJ Hooker Strathfield

2 Albert Road

Strathfield, NSW 2135

Property Highlights

Floor Area	1,013 m²
Land Area	1,013 m²
Parking	Ask Agent
Annual Return	Ask Agent
Availability	Vacant
Property ID	2018466309
Category	Development / Land
Last updated	15 Mar 2024

Map for 5-7 Fifth Avenue Campsie NSW 2194

Nearest transport* to 5-7 Fifth Avenue Campsie NSW 2194

Bus

Train

Tram

Ferry

Beamish St Opp Ninth Av	193 m
Beamish St Opp Lofts Garden	205 m
Lofts Garden, Brighton Av	261 m
Campsie Station	350 m

*Within a 4km radius

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LJ Hooker Strathfield

2 Albert Road

Strathfield, NSW 2135

Property Highlights

Floor Area	1,013 m²
Land Area	1,013 m²
Parking	Ask Agent
Annual Return	Ask Agent
Availability	Vacant
Property ID	2018466309
Category	Development / Land
Last updated	15 Mar 2024

Listed by

David Pisano

LJ Hooker Strathfield

Call

0408 835 606

More about 5-7 Fifth Avenue Campsie NSW 2194

5-7 Fifth Avenue Campsie NSW 2194 is categorized as Land & Development Property. It has a floor area of 1,013 m² and a land area of 1,013 m². The listing ID for this property is 2018466309.