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Randwick 35-43 Belmore Road

Auction 10th April 2025 at 10:30am Dexus Place, Level 5, 1 Margaret Street, Sydney NSW 2000

23 12 5

Landmark Building To Be Offered In One Line Residential/Commercial Offering With RLA In The Heart Of Randwick Village

Unquestionably one of the best positioned sites in the Eastern Suburbs to hit the market in the last decade, this substantial landmark building offers an outstanding opportunity. Comprising a land area of 905sqm (approx), the site features a three-storey Art Deco building with 12 residential apartments and 3 street level commercial premises. Representing a phenomenal investment, there's also scope for future redevelopment (STCA). In a high-profile position right next to Royal Randwick Shopping Village, this rare site is situated mere steps to supermarkets, gyms, eateries and transport to the CBD.

5 x 2 bed/1 bath, 4 x 1 bed/1 bath, 3 x 3 bed/1 bath3 x street level commercial shops, all currently leasedTastefully presented with beautiful Art Deco influencesSecure car parking for 5 cars at the rear via Bell LaneTop investment (currently returning $688,055 gross p/a)Classed under new 2E Mixed Use Commercial Zoning Walk to The Spot, schools & Prince of Wales HospitalWater Rates: $16,683 per annum approx.
Council Rates: $25,929 per annum approx.
Land Tax: $121,192 per annum approx.
Current Return: $688,066 per annum approx.

Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries.