26 Mascot Drive
Eastlakes, NSW 2018

Overview

26 Mascot Drive, Eastlakes

This property offers a recent development approval for a boarding house consisting of 20 self-contained studio apartments. The design is free-flowing and superior, providing a modern and functional living environment. The development includes secure basement parking facilities and beautifully landscaped gardens that enhance the overall appeal and provide a pleasant atmosphere for residents.

Key investment highlights include the development approval for 20 studio apartments, which are self-contained to ensure privacy and convenience for occupants. The projected rental income for the property is approximately $400,000, making it an attractive opportunity for investors seeking steady returns.

The property is zoned R4 High Density Residential, allowing for a range of residential development options. Its location is highly convenient, situated just 240 meters from the Live by Crown Group Shopping Precinct, providing easy access to retail, dining, and entertainment options.

Additionally, the property benefits from excellent connectivity to public transport, making commuting straightforward. It is also close to major institutions and amenities such as the University of New South Wales (UNSW), Sydney Airport, hospitals, Botany Bay, several beaches, and golf courses. The Sydney Central Business District (CBD) is a short drive away, enhancing the property's appeal for residents who work or study in the city.

This opportunity is ideal for developers, builders, and investors looking to acquire a development approval in one of Sydney's newest urban renewal hotspots. The property represents an affordable entry point into a high-demand market with strong growth potential.

Expressions of interest for this property close on 28th July 2021 at 3pm, providing a clear timeline for interested parties to submit their proposals.

Location