4 Bourke Street, Fairy Meadow NSW 2519

Auction

• Sun 27 October @ 12PM 27/10/2024 12:00 PM 27/10/2024 12:00 PM Australia/Sydney Auction for 4 Bourke Street, Fairy Meadow NSW 2519 4 Bourke Street, Fairy Meadow NSW 2519 Ray White Parramatta false DD/MM/YYYY

Inspections

• Sun 6 October @ 11:30AM - 12PM 06/10/2024 11:30 AM 06/10/2024 12:00 PM Australia/Sydney Inspection for 4 Bourke Street, Fairy Meadow NSW 2519 4 Bourke Street, Fairy Meadow NSW 2519 Ray White Parramatta false DD/MM/YYYY

Auction | On-Site, Sunday 27th Oct at 12pm

3 beds

1 baths

1 parking

DA APRROVED DEVELOPMENT FOR 30 SELF CONTAINED STUDIOS ON 1017 SQM BLOCK

A rare opportunity awaits with this DA approved development site for a boarding house, located in the heart of highly sought-after Fairy Meadow. Positioned just a short walk to buses, Fairy Meadow Station, Puckey's Beach, and local parklands, this site offers both convenience and prime accessibility.

Situated near key amenities, including the Wollongong Innovation Campus, Fairy Meadow railway station, beach, and the Fairy Meadow CBD, which features Woolworths, Coles, and fashion outlets, this property boasts:
- A generous 1017m² block with a 25.9m frontage, zoned R3
- DA approval for a boarding house consisting of 30 self-contained studio apartments, some featuring balconies
- Estimated rental income upon completion of $690,000 per annum (approved plans available on request)
- Existing 3-bedroom home on-site with a tenant under lease until March 2025
- Close proximity to the University of Wollongong Innovation Campus
- Convenient access to Wollongong's central lifestyle attractions

This is a fantastic investment opportunity in a thriving location with high potential for strong rental returns.


"Ray White Parramatta Group - Parramatta | Oatlands | Northmead | Greystanes, its directors, employees and related entities believe that the information contained herein is gathered from sources we deem to be reliable. However, no representation or warranties of any nature whatsoever are given, intended or implied. Any interested parties should rely on their own inquiries."

Property Details

• Type: House
• Bedrooms: 3
• Bathrooms: 1
• Ensuites: 1
• Toilets: 1
• Garage Spaces: 1
• Land Area: 1,017 m² (approx)