RARE OPPORTUNITY – DA APPROVED FOR A BOARDING HOUSE – 38 SELF CONTAINED STUDIOS – ASHFIELD

FOR SALE: Submit offers by the 27th February 2019 at 2pm

Contact the listing agent Savills Sydney from the link below for further details:
SAVILLS SYDNEY

ASHFIELD

• Ashfield is an inner western suburb of Sydney, located 9km south west of the Sydney Central Business District
• Forms part of the Inner West Local Government Area
• Ashfield Mall & the large retail shopping street is located along Liverpool Road
• The railway station is on the Airport, Inner West & South Line of the Sydney Trains network, so it has a direct line to the Sydney CBD & also to Parramatta
• The express peak hour train service takes commuters into the Sydney city in approximately 20 minutes
• There has been a noticeable recent trend that a lot of buyers who are priced out of Haberfield, Leichhardt, Lewisham and Summer Hill are buying in Ashfield attracted by it’s shopping options & railway station
• Strategically located at the intersection of 2 major arterial roads, Parramatta Rd & Liverpool Rd as well as being about halfway between the Sydney CBD & Parramatta
• Many options with excellent schools in the vicinity such as De La Salle College (Ashfield), Trinity Grammar School (Summer Hill), Newington College (Stanmore) & Santa Sabina College (Strathfield)
• The population of Ashfield in the 2016 census was 23,841
• A very multicultural suburb with 61.3% of residents born overseas, predominantly from China. This is a major drawcard to the area with it’s array of multicultural cuisine & food offering

YOUR OPPORTUNITY

• DA Approved for a boarding house
• Approved for 38 self contained studios
• Land size is 929sq.m (approx.)
• Potential rental income of $750,000 per annum (agent advice)
• DA approved for the construction of a 4 storey boarding house plus single basement
• Excellent Inner West location

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