A rare opportunity to secure this landmark location, offering 3 properties to be sold in one line set on approx. 1,782.4sqm with a 39.16m frontage. Currently zoned R4 for high rise unit development (subject to council approval) with a 6 storey limit and 1.5:1 ratio. Situated in the heart of Padstow only 4 minute walk to the train station.

Take advantage of the new affordable housing provisions with the bonus 20-30% FSR and 20-30% height limit on GFA, which gives potential for up to 40 apartments (STCA) – and affordable housing regulations.

At present the homes are neatly presented and consist of:
* 12 Faraday Road 2 bedrooms, 1 bathroom, 556.4sqm; currently rented for $540 per week
* 14 Faraday Road 4 bedrooms, 1 bathroom, 600.7sqm; currently rented for $650 per week
* 16 Faraday Road 3 bedrooms, 1 bathroom, 626sqm; potential rental return of $700 per week
* Total approx rental return of $98,280.00 Per annum

Attributes include:
* Superb and rare opportunity to secure a prime piece of real estate
* 3 homes totalling 1,782.40sqm approximate
* Total approx rental return of $98,280.00 Per annum
* To be sold in one line, 39.16m frontage
* Offering incredible scope for development, subject to approval
* Current R4 zoning 6 storey limit (19 metres) and 1.5:1 floor space ratio
* Enjoy being set in the heart of Padstow CBD
* Set only a 4-5 minute walk to Padstow station
* Close proximity to M5 entry and local shops, cafes & popular restaurants