597A Pacific Highway, Mount Colah, NSW 2079

Investors or Developers or Homeowners! Perfectly located on a 975 SQM battleaxe block opposite Mt Colah Railway Station. Quiet position away from road noise. Bushland views.  Excellent yield of $50K PA, with capital gain or development potential. 

Zoning is Commercial (E1 Local Centre) with the current use being Residential. On the market for the first time in 32 years.  

Buyer options:

• Knock down and with Council Approval the opportunities are numerous. For example, the Zoning allows for Group Homes, Boarding Houses or a Day Care Centre.   Medical Practice is right next door to suit some uses.  See Planning Certificate for all details. 

• Business use or combined residential & business use with Council approval

• Knock down and build a new home subject to Council approval

• Current residential use:
     -  A very comfortable & liveable house which was divided into flats probably 60 years ago or more.  A small community of 3 excellent long-term tenants. Total rent - $50K per annum
     -  Fully renovated around 22 years ago. 1x 2-bedroom flat and 2 x 1-bedroom flats
     -  Flat 2 has a bonus mezzanine floor
     - Storage area in basement
     - Two lock up garages. 

Be sure to consider the opportunities! 

Disclaimer: While every care has been taken in producing the above information, no warranty is given or implied to the accuracy. Prospective Tenants are requested to take such action as necessary to satisfy themselves in this respect.