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.
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.