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mona





5 Mona Street, Allawah



PROJECT INFO





Offered with development approval already in place, this exceptional site allows for the demolition of existing structures and the construction of a purpose-designed 7-storey boarding house comprising 47 self-contained rooms over a single basement level. The approved scheme has been designed by the award-winning architectural firm A+ Design Group, known for delivering high-quality, community-conscious developments.


In the short term, the site includes a single-storey dwelling configured as two flats, providing an immediate income stream while preparations for development are finalised. Ideally situated just 100 metres from Allawah Train Station, the property benefits from outstanding public transport connectivity and proximity to key amenities. As one of the few remaining boarding house opportunities permissible under the existing State Environmental Planning Policy (SEPP), and in a location where rental vacancy rates have tightened to an ultra-low 0.9%, this site presents significant upside for investors and boutique developers alike. This is a rare chance to secure a DA-approved, income-generating site with enduring value in a highly desirable pocket of southern Sydney.



Additional highlights of the asset include:


  1. DA approved for 47 room self-contained boarding house plus common room
  2. Site area - 667.1m2
  3. 0.9% vacancy rate in the surrounding area evidencing a strong demand for rental opportunities
  4. Zoning R4 - High Density Residential
  5. FSR - 2 : 1
  6. Height Limit - 21m
  7. 100m to Allawah Station
  8. 1km to Westfield Hurstville
  9. 1.2km to Hurstville Station
  10. Easy access to Sydney, Hurstville & Rockdale CBDs


ALTON PROPERTY GROUP


Call us: 02 9188 3498