- Block of 8 (4x2br + 4x1br) apartments
- Huge development upside (STCA)
- Potential of increasing the current 4 x 1 bedroom and 4 x 2 bedroom apartments to 4 x 1 bedroom and 11 x 2 bedrooms (STCA)
- With the completion of the additional 7 apartments (STCA) and renovation of the existing apartments, the potential market return increases to approx. $432,000pa.
- Well positioned close to the station and shops
- R4 Zoning: High Density Residential FSR 0.9:1
- Potential to add more apartments (STCA)
- Potential market return $172,120 per annum
- Set on approx. 1,011sqm of land with zoning R4
Set on 1,011sqm of level land is this entire block of 4 x 2 bedroom and 4 x 1 bedroom apartments with 8 parking. Situated only 700m* from Campsie Train Station and Beamish Street shops. With R4 zoning, this excellent investment as development potential (STCA). Potential market return $172,120 per annum. The Campsie Station Precinct has been earmarked by the NSW Dept. Planning as a Priority Growth Precinct and proposes significant planning/zoning upside.
12 Fourth Avenue, Campsie has significant development potential. The existing building's 8-apartment, 2-storey walk up is highly efficient and, with council approval, could be extended both vertically and to the rear of the site within the allowable envelope. The floorspace ratio of 0.9:1 is yet to be fully utilised, with approximately 550m² of potential additional gross floor area. The site's orientation, setbacks and proximity to transport and amenities make it suitable for modification or redevelopment within the framework of SEPP 65 and the Apartment Design Guide.
Charles Peters - Principal Craft Architecture
Level 9, 187 Macquarie Street
Sydney NSW 2000
