Residential Properties

PADDINGTON 239-241 glenmore road

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Landmark Paddington Holding With Dual Street Access and Development Potential (STCA)

For Sale

Offered to the market for the first time in over 60 years, this high profile and tightly held property in the heart of Paddington features 3 residential apartments, 3 lock-up garages with rear lane access, separate storage areas, and the added bonus and further income from 2 commercial shops.

With dual access from both Glenmore Road and White Lane, this large prized parcel of land is a highly sought after holding that offers one of the area's most rare opportunities to secure a very unique land holding in the Five Ways precinct.

This prized property offers a range of development potential (STCA), and with a recently lapsed DA (January 2018) that had approval for 14 residences, 2 shops, 3 lock up garages and storage, this once in a lifetime opportunity is wonderfully versatile, with an array of options to astute buyers and or savvy investors alike.

This is a very rare opportunity to secure and buy into one of Sydney's premier locations, offering long term security and multiple investment and redevelopment options (STCA).

+ 442sqm block with prime North rear aspect
+ Previous DA (Jan 2018) approval for 14 residences and 2 shops
+ Three bedroom and One bedroom apartments above shops
+ Ground level studio apartment at the rear of shops
+ Large sunny underutilized internal courtyard and garden
+ Three lockup garages, rear access from White Lane
+ Two secure & established commercial tenants
+ Current net income of $207,225 pa + GST
+ Public transport on your door to the CBD & beaches
+ Adjacent to Paddington's famous 'The Royal Hotel'
+ Footsteps from fashion, food and dining options
+ Moments to weekend markets and all that Oxford Street has to offer

239-241 Glenmore Road


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