|
Description:
HOTEL WITH DEVELOPMENT POTENTIAL FOR SALE IN RYDE
Iconic Hotel site on Victoria Road with development potential for sale. This unique property consists of 3 adjoining lots containing a Hotel, a Residence divided into 2 units and a single residence.
The first residential property is a double storey mid 20th century residence divided into 2 units on a lot that fronts onto Victoria Road and backs onto the parking area of the adjoining Hotel lot. Both residential units are currently let.
The second residential property is a single storey mid 20th century residence on a lot that fronts onto Bowden Street and backs onto the parking area of the adjoining Hotel lot. The residence is currently let.
The Hotel consists of a double storey 42 room hotel with a large rear parking area on its own lot.
The hotel constructed in the early seventies consists of 42 family, double and single rooms all with en-suite bathrooms, a dining room, commercial kitchen, offices, store rooms, cool room, reception, conference room with break-out area and a guest laundry.
The Hotel building has been constructed to allow for the addition of 2 more levels. A development application was granted by the Ryde City (Consent No 522/2007) on 27/02/2008 and valid to 27/02/2013 to construct another 2 levels raising the capacity of the hotel to 105 rooms.
This site is ideally suited to developing a larger Hotel of 105 rooms through utilizing the existing DA or seeking an even larger development by combining all three sites into a larger unit to increase the level of accommodation and services that could be provided on this site within the permitted uses of the zoning.
This site could also meet the requirement of the State Environmental Planning Policy (Affordable rental housing) 2009 or SEPP Number 70 Affordable housing.
This site could with permission be developed into a residential care facility caring for the aged, infirm or disabled.
|
