SOLD

Key Property Summary

Last of the remaining R4 High Density development sites in West Ryde.
Selling as is, the location of this property sells itself. Approx. 6 mins walk to West Ryde Station this under-capitalised plot of land is perfect for high density redevelopment such as units, townhouses or a 'New Generation' boarding house/ student accommodation (Subject to council approval).

The current 3 bedroom, 1 bathroom home was until recently leased at $495 and will be sold with vacant possession.



Key development Highlights

R4 High Density residential zoning
Floor to space ratio 1:1
Site area (approx.) 734sqm
Max Building height: 11.5 metres



The hidden potential

Bonus FSR of 0.5:1 under AHSEPP (Total FSR of 1.5:1 on the site after the bonus is applied yields a GFA 1,101sqm)

For more information, visit the NSW government website via the link below:

https://www.facs.nsw.gov.au/providers/housing/affordable/develop/chapters/floor-space-incentives

Land tax exemption also available for boarding house developments.