248 Railway Parade, Kogarah NSW 2217

Offers

DA Approved 6 Level, 42 Room New Age Boarding House & Retail Shop, 24 Car Spaces

This site is approved for use as a New Age Boarding House.

• Lift with lobby, reception area
• All 41 rooms are fully self-contained with balconies plus one spacious Manager's quarters
• Land size 411m2 - GFA 1,972.8M2
• 6 levels, total 42 rooms, 80m2 retail shop with prominent corner position
• 3 levels of basement parking with 24 x car spaces
• 9 x Motorbike spaces & 9 x Bicycle spaces
• Great potential rental income
• Current tenant operates car mechanic workshop
• Current Income $3,900 including GST per month $46,800 per annum

The property's location offers convenient access to both Kogarah and Carlton Train Stations, both within walking distance.
Also, its close access to St George Hospital and its surrounding Health Services makes it an attractive option for hospital workers, students and interns seeking accommodation in the area. It's strategic positioning, a short walk to Kogarah shopping district and it's close proximity to Westfield Hurstville, further enhances its appeal. Train to Sydney CBD right at your doorstep.

Outgoings:
Council Rates $928 per ¼
Water Rates $282 per ¼
Land Tax $15,600 per annum
Parking 24x onsite parkings

Property Details

• Type: Retail
• Building Area: 1,972 m² (approx)
• Land Area: 411 m² (approx)
• Tenancy: Vacant