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Apartment • 2mo
Recession Proof Investment
5-7 Fifth Avenue, Campsie, NSW, 2194, Australia
16
8
8
Nearest stations
T3
Campsie
299M (4 mins)
T3
Belmore
1.5KM (19 mins)
T3
Canterbury
1.6KM (20 mins)
About this Property
Perfectly placed within metres to Campsie's vibrant hub and station/shopping precinct and just 14km from Sydney CBD, this property presents an exceptional opportunity for investors/ developers to acquire a DA Approved new generation boarding house with an existing block of 8 x 2 bedroom strata titled units, fully leased and providing strong holding income. Take advantage of Sydney's rising rental market and unprecedented demand for residential housing plus increased difficulty in obtaining new boarding house DA.
- DA Approved for 59 studios with own bathrooms and kitchens
- Architectural modern design, Land approx 1013sqm ( 20.19m x 50.29m )
- Flexible R4 High Density zoning offers multiple development options
- Existing 8 x 2 bedroom strata block with current income $195,520
- Strong returns/cash flow once complete ( Est GAR $1,380,000 pa )
- Part of former Sydenham to Bankstown Urban Renewal corridor
- 400 metres to Campsie railway station and hub
- 600 metres to Campsie Shopping precinct
- 400 metres to Harcourt Public School
For further information including a copy of the plans, please contact the agent with interest.
Details: David Pisano - 0408 835 606
- DA Approved for 59 studios with own bathrooms and kitchens
- Architectural modern design, Land approx 1013sqm ( 20.19m x 50.29m )
- Flexible R4 High Density zoning offers multiple development options
- Existing 8 x 2 bedroom strata block with current income $195,520
- Strong returns/cash flow once complete ( Est GAR $1,380,000 pa )
- Part of former Sydenham to Bankstown Urban Renewal corridor
- 400 metres to Campsie railway station and hub
- 600 metres to Campsie Shopping precinct
- 400 metres to Harcourt Public School
For further information including a copy of the plans, please contact the agent with interest.
Details: David Pisano - 0408 835 606
Gallery
David Pisano
LJ Hooker Belmore | Lakemba
+ 61 0408 835 606
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More Details on 5-7 Fifth Avenue, Campsie NSW
How many bedrooms and bathrooms does 5-7 Fifth Avenue, Campsie have?
5-7 Fifth Avenue, Campsie is a 16 bedroom, 8 bathroom apartment.
Who is the agency that listed 5-7 Fifth Avenue, Campsie?
The agency who listed 5-7 Fifth Avenue, Campsie is LJ Hooker Belmore | Lakemba - you can contact the agents here.
How many car spots does 5-7 Fifth Avenue, Campsie have?
5-7 Fifth Avenue, Campsie is a 8 car spot home.
How much is 5-7 Fifth Avenue, Campsie?
The price of 5-7 Fifth Avenue, Campsie is $5M - contact the agents to find out more.