Sold
House

40 Dutruc Street Randwick, NSW 2031

Sold for $4,100,000 on 20 Jun 2017
  • 16 Beds
  • 16 Baths
  • 9 Cars
Agents

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House in Randwick

Rare DA Approved Site for Boutique Block of 8 Apartments With Income

  • 16 Beds
  • 16 Baths
  • 9 Cars

40 Dutruc Street Randwick is currently being operated as a boarding house with approval as a development site with DA approval for 8 apartments over 3 levels, 9 car spaces, rear lane access and private storage area. The site is well located close to schools, transport, Randwick shops, Coogee and Clovelly beaches, Light Rail, UNSW, Sydney Airport, Sydney CBD, TAFE (Randwick), Prince of Wales Hospital, Randwick Racecourse and Bondi Junction Westfield.

Current Rental Income $120,000 PA
Potential Gross Income After DA Completion Approx. $416,600 P.A - 4 x 2 Bedroom Apartments at $1,100pw = $228,800 P.A + 4 x 2 Bedroom Apartments at $900pw = $187,200 P.A
Site Area 525sqm approx. with rear lane access

Please enquire now for a copy of the INFORMATION MEMORANDUM

AUCTION TUESDAY 20TH JUNE 2017 AT DOUBLE BAY AUCTION CENTRE
INSPECT THURS & SAT 10AM - 10.30AM
(COMMENCING 25TH MAY, 2017)

AGENTS: MARCELLO BO 0425 343 406
RAY WHITE PROJECTS
ALEX SANTELLI 0403 104 146
COMMERCIAL SOUTH SYDNEY

Parking:

9 garage spaces

Bedrooms:

16

Bathrooms:

16

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Suburb

Randwick

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