32 Railway Parade, Mittagong, Nsw, 2575

Positioned​ ​in​ ​central​ ​Mittagong,​ ​32​ ​Railway​ ​Parade​ ​offers​ ​an​ ​opportunity​ ​to​ ​secure​ ​a​ ​refurbished​ ​home​ ​with​ ​substantial​ ​rear​ ​land​ ​and​ ​several​ ​potential​ ​development​ ​pathways.​ ​Set​ ​on​ ​approximately​ ​1,125sqm​ ​of​ ​level​ ​land​ ​with​ ​R3​ ​Medium​ ​Density​ ​Residential​ ​zoning,​ ​the​ ​property​ ​also​ ​comes​ ​with​ ​DA​ ​approval​ ​for​ ​an​ ​83-place​ ​childcare​ ​centre.

With​ ​the​ ​existing​ ​residence​ ​positioned​ ​towards​ ​the​ ​front​ ​of​ ​the​ ​block,​ ​there​ ​is​ ​potential​ ​to​ ​subdivide​ ​and​ ​sell​ ​the​ ​home​ ​separately,​ ​releasing​ ​capital​ ​while​ ​retaining​ ​the​ ​rear​ ​land​ ​for​ ​future​ ​development,​ ​(STCA).​ ​For​ ​buyers​ ​considering​ ​a​ ​staged​ ​investment,​ ​this​ ​presents​ ​an​ ​opportunity​ ​to​ ​landbank​ ​the​ ​rear​ ​portion​ ​and​ ​explore​ ​the​ ​addition​ ​of​ ​three​ ​two-storey​ ​townhouses​ ​while​ ​retaining​ ​the​ ​existing​ ​home,​ ​(STCA).

The​ ​recently​ ​refurbished​ ​residence​ ​features​ ​three​ ​bedrooms,​ ​two​ ​bathrooms,​ ​an​ ​updated​ ​kitchen​ ​and​ ​a​ ​13.7kW​ ​solar​ ​system.​ ​It​ ​offers​ ​immediate​ ​scope​ ​for​ ​occupation​ ​or​ ​rental​ ​income​ ​while​ ​subdivision​ ​and​ ​development​ ​plans​ ​are​ ​explored.

Alternatively,​ ​the​ ​approved​ ​childcare​ ​development​ ​provides​ ​another​ ​pathway​ ​for​ ​the​ ​site,​ ​with​ ​plans​ ​for​ ​a​ ​two-storey,​ ​83-place​ ​centre​ ​incorporating​ ​dedicated​ ​learning​ ​rooms,​ ​outdoor​ ​play​ ​spaces​ ​and​ ​basement​ ​parking​ ​for​ ​24​ ​vehicles.

Approximately​ ​100​ ​metres​ ​from​ ​Mittagong​ ​railway​ ​station​ ​and​ ​within​ ​walking​ ​distance​ ​of​ ​the​ ​town​ ​centre,​ ​schools​ ​and​ ​shops,​ ​this​ ​is​ ​a​ ​versatile​ ​opportunity​ ​for​ ​developers,​ ​childcare​ ​operators​ ​and​ ​investors​ ​seeking​ ​both​ ​immediate​ ​use​ ​and​ ​longer-term​ ​potential.

Property​ ​Highlights:

•​ ​Approximately​ ​1,125sqm​ ​of​ ​level​ ​land​ ​with​ ​a​ ​north-facing​ ​aspect
•​ ​R3​ ​Medium​ ​Density​ ​Residential​ ​zoning
•​ ​Potential​ ​to​ ​subdivide​ ​and​ ​sell​ ​the​ ​existing​ ​home,​ ​retaining​ ​the​ ​rear​ ​land​ ​for​ ​future​ ​development​ ​(STCA)
•​ ​Potential​ ​to​ ​retain​ ​the​ ​residence​ ​and​ ​develop​ ​three​ ​two-storey​ ​townhouses​ ​(STCA)
•​ ​DA​ ​approval​ ​for​ ​an​ ​83-place​ ​childcare​ ​centre​ ​with​ ​24​ ​basement​ ​car​ ​spaces
•​ ​Refurbished​ ​three-bedroom,​ ​two-bathroom​ ​residence​ ​with​ ​a​ ​13.7kW​ ​solar​ ​system
•​ ​Approximately​ ​100​ ​metres​ ​from​ ​Mittagong​ ​railway​ ​station

Subdivision,​ ​separate​ ​sale​ ​of​ ​the​ ​existing​ ​residence​ ​and​ ​townhouse​ ​development​ ​are​ ​subject​ ​to​ ​council​ ​approval.

Disclaimer:
All​ ​information​ ​in​ ​this​ ​advertisement​ ​is​ ​provided​ ​in​ ​good​ ​faith​ ​and​ ​sourced​ ​from​ ​parties​ ​we​ ​believe​ ​to​ ​be​ ​reliable.​ ​However,​ ​we​ ​make​ ​no​ ​representation​ ​or​ ​warranty​ ​as​ ​to​ ​its​ ​accuracy​ ​or​ ​completeness.​ ​Prospective​ ​purchasers​ ​should​ ​conduct​ ​their​ ​own​ ​investigations​ ​and​ ​enquiries​ ​to​ ​verify​ ​any​ ​information​ ​of​ ​interest.​ ​All​ ​dimensions​ ​are​ ​approximate.​ ​Some​ ​images​ ​may​ ​have​ ​been​ ​digitally​ ​enhanced,​ ​staged,​ ​or​ ​styled​ ​and​ ​may​ ​not​ ​represent​ ​the​ ​property's​ ​actual​ ​appearance.​ ​