Development Site Opportunity - 774sqm

Raine and Horne Commercial Annandale are pleased to present 845 - 847 New Canterbury Road, Dulwich Hill. This is an exciting opportunity to secure two lots on one title. Last sold thirty five years ago. Currently used as a Medical Centre. Lease expires in May 2022 and tenant would like to stay on. Passing income in place is a perfect situation whilst submitting plans to council. Features: -Two lots on one title - 774sqm approx. -Street Frontage - 12.2 meters -Zoned B2 - Local Centre -FSR - 1.75 : 1 -Height Permitted - 14 meters -Future Development - STCA -Marrickville Council -Prime for Mixed Use Development Details of Rental Income: Medical Centre - $67,000 plus GST NET p.a. Outgoings (paid by tenant) approx.: Land Tax - $30,000 p.a. Council Rates - $8,000 p.a. Water Rates - $800 p.a. Insurance $2000 p.a.