An ideal opportunity for the astute developer or investor to secure this prime site that offers a choice of options, with two valuable DA approvals, in this popular & rapidly evolving part of Sydney.
The 797m2 site has a 19.9m frontage and rear lane access. Developers can choose from two approved developments that will offer high yields and strong resales in this ever-popular north Marrickville location.
Approval number 1 provides 1,393.6m2 GFA and on completion will provide a high yielding asset that will generate strong consistent returns.
Approval number 2 is for a mixed use strata development that provides flexibility and strong resale potential.
Key Features:
> 797sqm site across two titles
> 94 Addison Rd - 309.8sqm
> 96-98 Addison Rd - 486.9sqm
> 19.9m frontage, rear lane access
> Holding income from multiple tenancies
> Benefits from 2 valuable DA Approvals
> Approval number 1 - 400m2 ground floor indoor recreation facility, and upper-level new generation boarding house consisting of 35 boutique self-contained studios with basement car parking
> Approval number 2 - Mixed use development consisting of 2 commercial tenancies and 14 residential units with basement car parking
> Strong anticipated resales or rental yields in this popular high demand location
> Poised to benefit from a range of nearby developments and infrastructure upgrades.
> Close to a range of popular amenities such as educational establishments, hospitals, shops, transport options, arterial roadways, café, restaurants, and bars.
*All amounts, areas and distances are approximate
The size of Marrickville is approximately 5.8 square kilometres. There are 23 parks, covering nearly 10.8% of the total area. The population of Marrickville in 2016 was 26592 people. By 2021 the population was 26570 showing a population decline of 0.1% in the area during that time. The predominant age group in Marrickville is 30-39 years. Households in Marrickville are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Marrickville work in a professional occupation.In 2021, 51.30% of the homes in Marrickville were owner-occupied compared with 51.20% in 2016.
Marrickville has 15,367 properties. Over the last 5 years, Houses in Marrickville have seen a 15.00% increase in median value, while Units have seen a 17.71% increase. As at 31 July 2026:
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