FOR SALE
House & Land
For Sale DA APPROVED BOARDING HOUSE

Contact Agent For Address
Allawah NSW 2218

Bedrooms: 47
Bathrooms: 47
Car spaces: 24
Land area: 677m2
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DA Approved boarding house 47 rooms with Room to add 2 more 101sqm apartments

5 Mona Street (also known as 6 Illawarra Street), Allawah NSW. The sale of this site
represents an exceptional opportunity for boutique developers and boarding house providers to make their mark in southern Sydney, the heart of St George area. The property is offered for sale.
The property is improved by a development approval, designed by the renowned
award-winning architectural firm A+ Design Group, for the demolition of the existing structures and the construction of a 7-storey boarding house containing 47 rooms over a single-level basement.
For a short-term return, there is a single-level dwelling divided into two(2) flats ensuring a recurring income stream before demolition and construction.
The affluent area of Allawah forms part of the St George area and is conveniently located only 100m* from Allawah Station.
This DA-approved boarding house will benefit the astute investor and developer by being one of the last remaining boarding houses permitted under the existing SEPP is in a highly sought-after area of Sydney with vacancy in this location having tightened to a low of just 0.9%**.
Additional highlights of the asset include:
• DA approved for 47-room self-contained boarding house plus common room
• Site area - 667.1m2*
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Property Details for Contact Agent For Address, Allawah

Contact Agent For Address, Allawah is a 47 bedroom, 47 bathroom BlockOfUnits with 24 parking spaces. The property has a land size of 677m2. The place is currently for sale with IGLOBAL PROPERTIES PTY LTD.

Building Type
BlockOfUnits
Land Size
677m2

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About Allawah 2218

The size of Allawah is approximately 0.6 square kilometres. It has 6 parks covering nearly 2.1% of total area. The population of Allawah in 2011 was 5,365 people. By 2016 the population was 5,692 showing a population growth of 6.1% in the area during that time. The predominant age group in Allawah is 20-29 years. Households in Allawah are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Allawah work in a professional occupation. In 2011, 58% of the homes in Allawah were owner-occupied compared with 51.4% in 2016.

Allawah has 2,607 properties.

    There are currently 9 properties listed for sale, and 4 properties listed for rent in Allawah on OnTheHouse. According to CoreLogic's data, 102 properties were sold in the past 12 months in Allawah.

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    Contact agent
    Joshua Singer
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    IGLOBAL PROPERTIES PTY LTD
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