16-24 Belmore Road and 4 Elizabeth Street, Randwick. An outstanding development opportunity with nearly 35 metre frontage to Belmore Road and rear access from Elizabeth Street.
Currently comprising three separate titles with 3 x commercial/retail terraces and 2 x residential flats plus 1 x independent building used as banking chamber and a single level commercial building, the site offers a unique opportunity for a rare consolidation of the titles. 5 x commercial/retail tenancies and 2 x residential tenancies.
Current gross rental of over $900,000.00 per annum (ex. GST) with an FSR of 2:1 and maximum building height of 12 metres. Absolute prime opportunity in the heart of the Randwick CBD for astute investors and developers. Public Tender closing at 4pm on Thursday 19 May 2016.
A full copy of the information memorandum, tender document and contract of sale are available on request.