35, 37 & 39 Hills Street, North Gosford NSW 2250

Located in the heart of Gosford, just a 10 minute walk to the station and shops, this slightly elevated site currently provides great rental returns and an excellent opportunity for potential future development.
The site comprises a total of 1650m2 (approx) with a frontage of 36m (approx) and a depth of 45m (approx). Under Council?s current LEP map there is a floor space ratio of 2.75:1 and a maximum height of 24m.
Each property has an existing house, one with a self-contained area.
Houses 35 and 37 are both original three bedroom homes built in the 1950?s each with a large kitchen/dining area, separate lounge room, one bathroom, two toilets and a detached single garage. Number 35 is currently returning $285 per week and number 37 is currently returning $295 per week.
House 39 is a newer home which was built around the 1970?s. The main home has three bedrooms, separate dining, lounge room and one bathroom and is currently returning $225 per week. Attached, a self-contained flat with a living area, bathroom and kitchenette, was returning $150 per week. There is also a detached double garage.
With some cosmetic work all three properties have huge potential to increase the rental return.
Gosford is on track for massive growth over the next few years, with the approval of the ATO?s relocation to Gosford, the huge expansion of Gosford Hospital and the approval from Council for over $700million of new residential and commercial developments.