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23 Belmore Road, Randwick

Block of Units
23rd August 2022 at 6:30pm

9 Self-Contained Studios and Large Restaurant - DA Approved.

Auction Location: In Rooms at 763 Anzac Parade Maroubra - Wentworth Partners Auction Room

Prime location in the heart of Randwick CBD

DA approved boarding house
9 self-contained studio apartments
4 with balconies
Large ground level restaurant
Communal room and balcony
1 car, 2 motor bikes and 6 bicycle space
Prime location, street frontage and rear lane access
Approved gross floor area of 412sqm
Approx. projected income of $288,584.88 on completion.

This is an ideal long-term investment to develop a DA approved boarding house with 9 self-contained studio apartments added on to the existing shop and residence with rear lane access and a total land area of 225sqm. Strong income potential upon completion and the potential to increase the development with Randwick Town Centre Rezoning Strategy.

Land Use Zone B2 Local Centre
Maximum Height 12 metres
Maximum Floor Space Ratio 2:1

Currently Featuring:
2 Storey freehold restaurant and residence
Prime street frontage and location
Thai restaurant leased unit 2024 with a 3 year option
3-4 bedroom residence
Rear lane access to lock up garage
Lease has demolition clause
Total land area of 225sqm.

Located on Belmore Road Randwick, close to the intersection of Alison Road, on the main shopping thoroughfare of the suburb of Randwick, consisting of a collection of shops, restaurants, cafes and well serviced by public transport with regular buses from the Sydney CBD and Bondi Junction, and the 'light rail' connecting the area to Metropolitan Sydney and Sydney's CBD.

University of New South Wales campus, Prince of Wales Hospital, and the Royal Randwick Racecourse are an easy short level walk away.

Inspections: By prearranged appointment only

Auction: Tuesday 23rd August at 6.30pm
Venue: In rooms at 763 Anzac Parade Maroubra, Wentworth Partners office.

Details: Michael Panto 0416 166 931
Anthony Rizzo 0418 236 999

Property Features

  • Carports 1

Get to know Randwick

A largely residential suburb adjoining the famous racecourse and Centennial Park, Randwick offers city living with access to wide open spaces. Just 15 minutes drive to the city and five minutes drive to the beach, Randwick is a fantastic spot close enough to the action, but not in the thick of it.

Read more about Randwick

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Inspection Times

Please contact Michael Panto to arrange an appointment.
Property Enquiry