A 27 room freehold going concern just 5.9km from the Sydney CBD, delivering $1.09M net profit and an 8.7% return on price.
The real prize is the land. Sitting on 1,049sqm across two titles zoned R4 High Density Residential, and the site may qualify for higher density under the NSW Government's infill housing bonus, allowing up to 30% more floor space and height. With the nearby Crows Nest precinct rezoned for 5,804 new homes, the direction of this corridor is clear. A buyer can hold a strong income today and plan the site's future in their own time.
Panoramic views over the Lane Cove bushland to the city skyline, unlikely to ever be built out, add value to any future residential scheme.
Freehold sites this close to the CBD are tightly held. Enquire today.
• $1.09M net profit, 8.7% capitalised based on asking price
• 1,049 sqm of R4 land across two titles
• May qualify for higher density, up to 30% more floor space and height
• 86% occupancy, FY2026
• 2.7km by road to Royal North Shore Hospital
• Inspections strictly by appointment
Interested? Why not give Tim Crooks a call on 0422 208 450 or tim@resortbrokers.com.au
