With approximately an 83m main road frontage and side access from Tamworth Street; a great opportunity is presented for anyone desiring a prime position to develop in a transforming Annerley.

The four houses are currently tenanted and gross approximately $4,000.00 per week combined. The precise details are currently being confirmed.

Site Description:
• No. 551 = 928 square metres• No. 557 = 817 square metres• No. 559 = 615 square metres• No. 561 = 994 square metres• TOTAL = 3354 square metres

The site is 4 lots occupied by four pre-1946 houses. Each lot has to following areas: The site has a residential development potential of up to 60% Gross Floor Area(= 2012 square metres), with a height of up to 9.5m to the underside of eaves. The existing 4 houses will have to be retained and integrated into any use of the site. There is a limited amount of room behind the houses for units. However there is significant room under the houses for additional units created by raising the houses by up to an additional 2 storeys.

The existing houses have to be measured to determine their accurate GFA, but using the rough assumption of 100 square metres per existing house (needs to be clarified for any degree of certainty) by raising and building under and behind these existing houses there is a potential for about 1600 square metres of additional residential floor area. However the constraint of retaining the existing houses and keeping the resulting development consistent with the pre 1946 Character of the area would probably restrict the potential for development of addition units to between 16 and 18 additional units.

Development Potential
1. The site has its best potential as a mixed use development site with a maximum certain GFA of 2012 square metres of mixed residential (>30%) and commercial (