50 Gerard Street

Cremorne NSW 2090

50-88 Parraween Street & 59-67 Gerard Street, Cremorne benefits from the following key atrributes:

- 7,353sqm* combined site area
- R4 High Density Residential zoning with 12m height limit permitting a multitude of uses
- Significant combined frontage in excess of 190m* to Parraween & Gerard Street
- Comprising 24 lots including 23 houses and an apartment block
- $1,273,068* p.a of passing holding income from the existing improvements, with the opportunity to be increased
- Positioned in one of Sydney's most affluent locales, with an median house price of $3,385,000*
- Pent up demand from downsizers with an undersupply of quality apartment stock
- Positioned for absolute convenience in the heart of the highly desirable Cremorne in a quiet locality, only one block from Military Road with abundant cafes, retail, dining, presitigous schools, parks and public transport
- To be sold in-one-line or in parcels
- Ideally positioned 4km* from Sydney CBD in an amenity rich locality filled with reputable schools, lush green spaces and bustling high streets with frequent bus services off Military Road (100m* away)

50-88 Parraween Street & 59-67 Gerard Street, Cremorne will be sold via Expressions of Interest closing on Wednesday 28th June 2023 at 4pm.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approximate
Outline & labels indicative