DECEASED ESTATE – DEV SITE^
Ray White Commercial NSW
We are pleased to announce this property has sold for $2,400,000 via Public Auction.
Offered on behalf of the late owner’s estate, this property received over 50 enquiries throughout the course of the campaign. 11 contracts were issued and the property received competitive bidding from three parties. The property sold under the hammer.
This property is located in the heart of the Mascot shopping precinct, boasting a street frontage of 10.7m*. It is improved by a commercial shop at the front, a weatherboard residence, and external buildings.
Additional highlights of the property include:
• Site area 790.4sqm*
• Height limit: 14m
• Zoned B2 – Local Centre
• Opportunity for potential purchasers to have three concurrent income streams
• Close to transport, shops and schools
*Approximate
^S.T.C.A
| Sale Analysis | |
| Sale Price: | $2,400,000 |
| Sale Date: | 24 August 2018 |
| Land Area: | 790.4m2 |
| Zoning: | B2 Local Centre |
| FSR: | 2:1 |
| Height of Building: | 14m |
| $/m2 of Land | 14m |
| Gross floor area: | $3,036.43 |
| Street Frontage: | 10.7m* Botany Road |
| Sale Process: | Public Auction |
Daniel Pym from Loan Market Double Bay has recently assisted a number of clients purchase and refinance commercial properties, including a petrol station, truck stop/cafe, block of apartments, pub, industrial premises, and SMSF commercial strata block of shops. He’s also had a number of clients pre-approved to purchase blocks of … Read more