Auction 5th DEC at 12pm
6 & 8A Boundary Street, Parramatta, NSW 2150
R4 HIGH DENSITY, CORNER POSITION, 2124M2 DEVELOPMENT SITE
No.6 is an Established Boarding House operating for circa 50 years. Licensed to accommodate 26 persons with a solid history of regular income.
Developments permissible with consent under this zoning include childcare centres, Aged care facilities, boarding houses, apartments, townhouses, multi-dwelling housing, shop-top housing and duplexes (subject to council approval).
The site area is Site area (approx.) 2124sqm with a Floor to space ratio (FSR) of 1.2:1 equating to a Gross Floor Area (GFA) of 2549sqm.
(N.B: There is further potential to increase the total site area to over 2833m2 by acquiring the neighbouring property to create a site with an increased total GFA of 3400m2)
The Max Building height of the site is 14 metres.
"The hidden potential" – a further FSR incentive bonus
A Bonus FSR of 0.5:1 under AHSEPP (Total FSR of 1.7:1 on the site after the bonus is applied) meaning over 40% increase in the GFA noted above).
For more information, visit the NSW government website via the link below:
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