199 Corlette Street, The Junction, NSW 2291

  • 105 sqm


Sold for $1,200,000 (Aug 10, 2020)

Development Prospect With Holding Income

Perfectly positioned near business, beach and schools, this property presents a brilliant re-development opportunity in a sought after location. The property is zoned B(2) Local Centre which allows a mixture of residential and commercial accommodation (subject to council approval).

It is offered for sale with concept plans for (14) studio apartments and ground floor commercial suite.

- Land area 333m (approx.)

- (14) metre height limit

- Floor space ratio 2:1

- Current net income $29,705 per annum

A rare opportunity to acquire property in this blue ribbon suburb and located just (1) minute walk from Junction Fair Shopping Centre.

Property Info:
  • Property ID: e53d3a96-ebf9-4bf7-9a99-8ee632b648f8
  • Property Type: Offices
  • Building / Floor Area: 105 sqm
  • Land Area: 333.0 sqm