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.
-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
-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.