R3 Zoned 695.6m2 flat block- 15.24m Frontage - 370m Walk to Station - Potential Upside with Proposed State Government Low & Mid Rise Housing Proposal

This exceptional family residence features three bedrooms and is situated on a spacious 695.6m2 lot, currently suitable for many development uses given its R3 zoning including manor housing, dual occupancy (stca). It is a great building block being flat & rectangular with sewer line at front & on high side of street. It is opposite extensive parkland & is rented for $860 per week.

The development potential of this property is enhanced by the proposed changes to the current planning system, including:

* Potential FSR of 3:1 and 21m height limit for residential flat development
* Manor housing – removal of current limit of 4
* Multi dwelling housing (townhouses) frontage requirement reduction to 15m
(subject to approval and development controls not yet published). Purchasers
should rely on their own enquiries.

Link to State Government information.

www.planning.nsw.gov.au/sites/default/files/2023-12/eie-changes-to-create-low-and-mid-rise-housing.pdf

For a copy of the State Government proposal please email gavin@robertsharp.com.au and we will forward a copy.

The existing 3-bedroom family home is ready to move straight in to and features:

* 3 generous bedrooms
* Formal lounge
* Renovated kitchen
* Polished floorboards throughout
* Extra wide side drive to secure back yard and six car lock up garage
* Massive entertainer’s yard

* CURRENTLY LEASE FOR $860 PER WEEK

EXCEPTIONAL LOCATION

* 370m walking distance to Narwee Train Station – Easily within Government
Planning Proposals for key zones which extends 400m
* Less than 1km to M5 entry on King Georges Road (both east and west bound
access)
* Approximately 20 minutes to CBD & 15 minutes to Airport Rail and Road
access
* Close to Beverly Hills Restaurant and Entrainment Strip
* Roselands Centro and Westfield Hurstville Shopping Centre’s
* A wide range of both Public and Private Schools
* Local parks and outdoor facilities

For further details contact Gavin Sharp or Phillip Botonis on 029570 5255 or gavin@robertsharp.com.au

Property ID: 1314616