Set to become one of a handful of Next
Generation Boarding Houses in the Manly area, capitalizing on the high
demand for affordable housing, short term and student accommodation

* DA approved for 17 Boarding House Units with self-contained
kitchenette and bathroom plus internal and external communal spaces

* Approximately 458sqm GFA over three levels, additional FSR has been
permitted in accordance with the NSW Affordable Rental House SEPP 2009

* An easy to manage asset with exceptional cash flow and low maintenance costs once built

* Highly tax effective and land tax exempt

* Balgowlah vacantly rate of 1.9% is significantly low for the Greater Sydney Region

* Prime location close to college, schools and training facilities and
only 300m to Stockland shopping centre and 1.5km to Manly Wharf and
Manly Beach

* Currently upon the site is a two bedroom red brick one storey house
with sizable gardens and vehicular access off Griffiths Street

* Detailed Information Memorandum available



EXPRESSIONS OF INTEREST CLOSE 3PM THURSDAY 16 OCTOBER



Inspect: By Appointment

Contact: David Rothschild 0414 60 66 66

Co-Agent: Dylan McEvoy, Jones Lang LaSalle 0406 560 204