62&64 Corlette Street, Cooks Hill NSW 2300

This is an exciting development opportunity to purchase two adjoining blocks in a highly sought-after inner-city location. 62 Corlette Street is 531.1m2 and 64 is 474.2m2 - a total of 1,005m2 (approx.) of prime land, situated just 400m to Darby Street, famous for its vibrant cafes, restaurants, bars and clothing stores.

Currently situated on the blocks are two adjoining homes both rented out individually and returning $710 per week. Tucked away at the rear of the large blocks, both existing homes have been lightly renovated and have a very peaceful feel - it's easy to forget how close to the city you are with the relaxing atmosphere. Featuring polished floor boards, cosy living areas and three bedrooms each, the homes could easily continue to be rented out as they are.

Alternatively, the astute investor or developer could investigate the many options along the development path. Start discussions with an architect now to see what development possibilities could be designed to align with the existing Heritage Building Codes and remain sympathetic in its design to the historical area.

Two adjoining blocks of over 1,000m2 total is an extremely rare opportunity and is sure to be snapped up by the savvy purchaser.

*2 adjoining blocks of 474 + 531m2 = 1,005m2 total
*Existing homes returning rental income of $710 per week
*Highly sought-after inner-city location - 400m to Darby St
*Great development opportunity or possible subdivision (subject to NCC approval)
*2 (b) urban core zoning