* Set to become one of a handful of New Generation Boarding Houses in the Manly area, capitalizing on the high demand for affordable housing, short term and student accommodation
* DA approved for 17 Boarding House Units with self-contained kitchenette and bathroom plus internal and external communal spaces
* Approximately 458sqm GFA over three levels, additional FSR has been permitted in accordance with the NSW Affordable Rental House SEPP 2009
* An easy to manage asset with exceptional cash flow and low maintenance costs once built
* Highly tax effective and land tax exempt
* Balgowlah vacantly rate of 1.9% is significantly low for the Greater Sydney Region
* Prime location close to college, schools and training facilities and only 300m to Stockland shopping centre and 1.5km to Manly Wharf and Manly Beach
* Currently upon the site is a two bedroom red brick one storey house with sizable gardens and vehicular access off Griffiths Street
* Detailed Information Memorandum available
Inspect: Saturday 3.00 - 4.00pm
Contact: David Rothschild 0414 60 66 66
Co-Agent: Dylan McEvoy, Jones Lang LaSalle 0406 560 204
