54 belmore st, Burwood NSW 2134

Property Details: • Type: House

• Bedrooms: 16 • Bathrooms: 8

Description: Capitalize on a rare opportunity at Belmore st Burwood. This strategically located allotment presents significant redevelopment potential within a highly desirable growth precinct. - BLOCK OF FLATS - TO BE SOLD IN ONE LINE 8 x 2 br units - The entire block is fully leased with rental income of $291,200 Per Year - with side driveway to 2 x lock up garages plus 6 x car spaces parking. Key Redevelopment Highlights: Land Size: Approximately 1051m² (17.17 X 59.89M) Zoning: MU1 (mixed used) FSR: 2:1, 15M Height limit Location benefits: It is just footsteps to the vibrant Burwood hub, Westfield shopping centre, train station, parklands and a choice of elite schools. Easy access to Burwood public transport, including bus routes, and proximity 5 mins walk to Burwood train station. The NSW Department of Planning announced the finalised Low and Mid Rise (LMR) reform. A maximum 30% uplift in FSR (subject to council approval). Burwood's MU1 Mixed Use zone is designated for mixed residential and commercial development, with permitted uses including residential flat buildings, childcare, educational establishments, commercial uses, hotels, and boarding houses.