$3,650,000

Auction Location: Auctionworks Centre, Mezzanine Level, 50 Margaret St, Sydney NSW 2000.

35 & 37 Botany Rd, Waterloo are two separate freehold buildings being sold together in a line (offers prior to auction for separate dwellings will also be considered). The dwellings are zoned for mixed use, with ground floor retail and upstairs residential. It is situated in a prime location, around the corner from the new Waterloo Metro Station (completion 2024), 3 mins walk to the Australian Technology Park (anchor tenant CBA, 18,000 staff to be relocated there by 2020) and only a 6 min walk to Redfern Station. This is a rare opportunity perfect for any investor, owner occupier, land banker or developer looking for good current income or great future growth.

Key Details

- B4 mixed use zoning
- Toal Land area 442 sqm* Building Area 488sqm*
- Current passing income $152,400.36 gross*
- Rental reversion income $187,324.00 gross*
- Around the corner from new Waterloo Metro Station
- 4 min walk to Australian Technology Park
- 6 min walk to Redfern Station
- 9 mins drive to Sydney CBD
- Potential development opportunity for boutique hotel/student accomodation STCA

- Both retail shops tenanted with residential short term stay upstairs

SIZE AND LOT DETAILS
35 Botany Road - 202sqm*
37 Botany Road - 240sqm*

OUTGOINGS
35 Botany Rd
Water Rate - $456.25 pq*
Council Rate - $893.50 pq*
Land Tax - $4281.30 p.a*

37 Botany Rd
Water Rate - $472.51pq*
Council Rate - $810.40pq*

*approx

AUCTION DETAILS:
Date - Tuesday 1st of October 10:30am
Venue - Auctionworks Centre, 50 Margaret Street, Sydney