DEVELOPMENT OPPORTUNITY - 11 ROOM BOARDING HOUSE,PENTHOUSE APARTMENT & COMMERCIAL SPACERare opportunity for Developers / Builders / Investors
DA Approval for a boutique block of 11 self-contained boarding units and penthouse apartment plus commercial shop.
Located in the heart of Swansea CBD with Woolworths across the road and the crystal clear waters of Swansea Channel just 80 metres away.
DA states minimum 3 month lease on boarding rooms with maximum two adults to each room.
Ground floor Commercial net lettable area approximately 60 square metres.
Top floor has a 3 bedroom apartment.
Section 94 contributions for this development are approximately $85,000.
Plans and information pack available.
1. It is highly recommended that all purchasers have pre-approved finance before booking inspections.
2. All offers are to be in writing with the terms and conditions of the offer.
3. All properties will stay on the market and all offers will be presented to vendors right up until an exchange of contract.
4. The agent is obliged to submit all offers to a vendor even though there might be an offer and acceptance between buyer and seller. This is known as gazumping and it is legal in NSW.
5. It is the responsibility of the purchaser to efficiently exchange a contract of sale, otherwise gazumping can occur.