Auction 5th DEC at 12pm

6 & 8A Boundary Street, Parramatta, NSW 2150


R4 HIGH DENSITY, CORNER POSITION, 2124M2 DEVELOPMENT SITE

1st time offered together as a development site, the properties, 6 & 8A Boundary Street, Parramatta is in the R4 High Density residential zone. Conveniently located less than 350m walk to the 802/ 804/ 806/ 810/811 bus stop and 15mins walk to Harris Park Train Station, this site is perfect for a high-density development.

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:



https://www.facs.nsw.gov.au/providers/housing/affordable/develop/chapters/floor-space-incentives



Disclaimer:

Information provided on our marketing contents should not be regarded as a substitute for professional legal, financial or real estate advice. The directors, officers and agents believe that all information contained in our marketing contents is correct. However, no warranty is made as to the accuracy or reliability of the information contained herein and we disclaim all liability and responsibility for any direct or indirect loss or damage which may be suffered by any recipient through relying on anything contained in our marketing contents.

AUCTION

Saturday, 05 Dec 2020
12:00 pm

LOCAL SCHOOLS

DEMOGRAPHICS

Population
Average Age
57% Owner
32% Vacancy Rate
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