14 Russell Street

Gormans Hill NSW 2795

An existing residential home will provide a basic but immediate income to investors while final planning is completed.

Accommodation opportunities of this kind are highly sought after and very high levels of occupancy of the finished building are expected to remain for some time yet. Other examples of similar accommodation are generally inferior to this development design and are understood to operate at 85/90% occupancy rate. This site location and quality of offering is expected to be highly sought after accomodation.

Each of the 14 rooms has an ensuite bathroom, kitchenette, wardrobe with space for bedding and a lounge. Two common areas allow for additional leisure space with common laundry, external hanging areas and outside courtyards. Off-street parking is also designed at the rear of the site.

Income estimates for the finished development indicate an annual income of $260,000 upon 100% occupancy. This estimate is derived from - 10x Single suite @ $320 per week, while the 4x Double suites @ $450 per week

DA Summary:
- DA 2021/487, approved 16 February 2022
- Notice of determination and conditions are available upon request
- Full Plans and building requirements are available upon request
- Building classification at 1B construction standard ensures a straightforward build process

The simplicity in design and thoughtfulness toward neighboring property and site infrastructure is to be commended.
An electronic signalled passing bay driveway access ensures minimum impact on the site footprint, whilst maximising parking bay's at the rear of the building. Safe entry and exit is assured through this design.

The sensible distribution of double and single suites, each with their own ensuite bathroom, wardrobes and kitchenette with space for a lounge and bedding provides options for the private operator to offer furnished or vacant rooms to the market.

Contract For Sale & further documents are available from your exclusive listings agents:
- Ray White Emms Mooney - 152 William Street Bathurst
- Ray White Commercial Sydney - 17 / 135 King Street Sydney

Contact your agent today:
- Andrew Crauford, Ray White Emms Mooney, 0417 416 205 I andrew.crauford@raywhite.com
- Samuel Hadgelias, Ray White Commercial (SC), 0403 254 675 I shadgelias@raywhite.com

Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however, we cannot guarantee it.