Crown Street, Darlinghurst site attracts boarding house developer attention

The site offers 16 boarding house rooms

Crown Street, Darlinghurst site attracts boarding house developer attention
Crown Street, Darlinghurst site attracts boarding house developer attention

A 253 sqm Darlinghurst development site was the most viewed land/development auction listing on the realcommercial website in May.

The two terrace site is 93-95 Crown Street, Darlinghurst.

It comes with development approval offering a FSR: 3:1 with 22 metres height limit.

The approval for 16 self contained rooms and approx 210sqm of commercial space.

It is currently leased for $161,400 per annum.

Crown Street, Darlinghurst site attracts boarding house developer attention

The land/development category outperformed other categories on views per listing this month on realcommercial.com.au, recording 120% year-on-year growth and a 16% month-on-month increase.

At a national level, ‘Buy’ searches on realcommercial.com.au are up 34% compared to the same time last year.

There is another Crown Street listing, occupied by City Gym at 107-113 Crown Street, which was listed for sale in March.

It has a land area of 768 sqm with a FSR 2.5 : 1 and height limit of 18 metres.

It is listed through Gunning RE and Colliers.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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