153-157 Anzac Parade + 7 Addison Street, Kensington_Property for Sale
153-157 Anzac Parade + 7 Addison Street, Kensington_Property for Sale
153-157 Anzac Parade, Kensington, NSW, 2033, AU

153-157 Anzac Parade + 7 Addison Street, Kensington

Asset Description

JLL and Colliers are pleased to offer for sale 153-157 Anzac Parade and 7 Addison Street, Kensington. The amalgamated site presents an adaptable development opportunity on a prominent corner location; one of the last remaining amalgamated corner sites in the Kensington Town Centre.


Situated in one of the Eastern Suburbs biggest growth corridors, this prime landholding is underpinned by an internationally recognised University, a thriving local property market and significant infrastructure spending.

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Attributes

Building area gross
5,055 m²
Year built
2000
Land area gross
0.08 ha (760 m²)

Media

Investment Highlights

Some key development attributes include:


  • Versatile land zoning providing the opportunity to construct student accommodation, residential apartments, residential build to rent and co-living
  • Secure holding income of approximately $600,000 p.a.
  • Substantial freehold site, comprising 1,263.8m²* of land area 
  • 2 street frontages plus a future rear lane 
  • Potential base GFA of up to 5,055m²* and 5,560m²* including bonuses^
  • Prime corner location providing built form efficiencies
  • Proximity to world class Education and Health precinct
  • Opportunity to benefit from significant rental upside in the area 

(*approximate / ^STCA)

153-157 Anzac Parade + 7 Addison Street, Kensington 4_Property for Sale
153-157 Anzac Parade + 7 Addison Street, Kensington 4_Property for Sale

Contact brokers

153-157 Anzac Parade + 7 Addison Street, Kensington (0 Properties)

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Last updated
25 Oct 2023