135 Griffiths St Balgowlah NSW 2093 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