A development site with the opportunity to build two executive residences (STCA) is for sale by auction on 8th April 2017.
Located in the heart of Bondi Beach moments to the sand, surf, boutique shopping, and cafe precincts the property offers investors a solid value proposition.
Key investor information
- Existing 3 Bedroom house on a 418m2 parcel with 18m frontage.
- Raw development potential for two executive residences with car parking, extensive landscaping and plunge pool (STCA).
- Strong rental yields post-acquisition, highly rentable existing 3 bed residence moments from the beach.
- DA precedent for dual occupation design based on neighboring properties.
Whether your objective is to develop to sell both dwellings or live in one and sell the other this is a compelling investment opportunity.
The below information provides a concept design that has been produced in consideration of existing planning controls.
The concept design allows off street parking for two cars, generous open plan living areas combined with a spacious outdoor rear deck area, plunge pool, and outdoor shower area. The front study could also be used as a 5th Bedroom.
The first floor consists of three well-proportioned bedrooms, the master and rear bedroom have their own private balcony. Functional use of the roof has allowed a large 4th bedroom or teenage retreat in the attic space.
The above table summarises the proposed design based on the current planning controls of Waverley Council.
For further due diligence information on this property:
Phone +61 434 932 634
Disclaimer: No enquiries have been made with Waverley Council regarding the suitability or acceptance of this or any potential Development Approval. While much care has been taken to ensure that the data presented is accurate investors should make their own enquiries. This information should not be relied upon for valuation purposes.