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DA Approved For 59 studios, Existing 8 x 2 Bed Strata Block with Holding Income For Sale

5 Fifth Ave, Campsie, NSW, 2194

DA Approved For 59 studios, Existing 8 x 2 Bed Strata Block with Holding Income

Block Of Units
Type
16
Bedrooms
8
Bathrooms
8
Parkings

Last updated on Friday, April 03, 2026 ( See property details for 5 Fifth Ave, Campsie, NSW, 2194)

Auction | Will Be Sold

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile development opportunity in Campsie featuring a DA-approved boarding house, existing income-generating units, and flexible zoning for future growth.

🏡 Property Highlights

  • DA Approved for 59 studios with own bathrooms and kitchens
  • Existing fully leased block of 8 x 2 bedroom strata units generating strong income
  • Exceptional location just 400m to Campsie railway station and shopping precinct
  • Flexible R4 High Density zoning offering multiple development options
  • Architectural modern design on a 1013sqm block with potential for redevelopment
  • Part of the former Sydenham to Bankstown Urban Renewal corridor

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Outdoor Area
  • Internal Laundry
  • Ceiling Fans

Campsie is a vibrant suburb renowned for its diverse community, excellent transport links, and proximity to Sydney CBD. Key highlights include its bustling shopping precinct, excellent public transport options, and strong rental demand. The area offers a mix of residential and commercial developments, making it ideal for investors and developers seeking growth. With easy access to local amenities and schools, Campsie provides a convenient and dynamic lifestyle for residents.

What is the current condition of the existing units and the proposed development?
The existing units are fully leased and in good condition, while the proposed development features a modern architectural design with DA approval for 59 studios, offering a contemporary living environment.
What are the future development options with the flexible R4 zoning?
The R4 High Density zoning allows for multiple development options, including additional multi-unit residential projects, subject to council approval and planning regulations.
What is the expected rental income once the new development is completed?
The estimated gross annual return upon completion is approximately $1,534,000, reflecting strong cash flow potential.
Are there any restrictions or covenants affecting the property?
The property is subject to local council regulations, including the current DA approval and zoning restrictions, which should be reviewed during due diligence.
What amenities and transport options are available nearby?
The property is conveniently located just 400 metres from Campsie railway station, 600 metres from the shopping precinct, and close to local schools and public amenities.
Are there any additional costs or fees associated with the development approval process? Has the property been assessed for flood or bushfire risks in the area? Are there any existing easements or zoning restrictions that could impact future development plans? What are the planning and approval timelines for the proposed development? Is there any ongoing or planned nearby construction that could affect the property’s value or livability? Are there strata or body corporate considerations for the existing units? What are the potential costs for site preparation or infrastructure upgrades? Has a comprehensive pest and building inspection been conducted? Are there any known environmental or heritage considerations affecting the site? What are the terms of the current lease agreements for the existing units?

5 Fifth Ave, Campsie, NSW, 2194 - More Details

DA Approved For 59 studios, Existing 8 x 2 Bed Strata Block with Holding Income

Perfectly placed within metres to Campsie's vibrant hub and station/shopping precinct and just 14km from Sydney CBD, this property presents an exceptional opportunity for investors/ developers to acquire a DA Approved new generation boarding house with an existing block of 8 x 2 bedroom strata titled units, fully leased and providing strong holding income. Take advantage of Sydney's rising rental market and unprecedented demand for residential housing plus increased difficulty in obtaining new boarding house DA. * DA Approved for 59 studios with own bathrooms and kitchens * Architectural modern design, Land approx. 1013sqm ( 20.19m x 50.29m ) * Flexible R4 High Density zoning offers multiple development options * Existing 8 x 2 bedroom strata block with current income $203,870 * Strong returns/cash flow once complete ( Est GAR $1,534,000 pa ) * Part of former Sydenham to Bankstown Urban Renewal corridor * 400 metres to Campsie railway station and hub * 600 metres to Campsie Shopping precinct * 400 metres to Harcourt Public School For further information including a copy of the plans, please contact the agent with interest. Inspect: By Appointment Auction: On Site Saturday 6th December at 10:45am (unless sold prior) Agent Interest: David Pisano - 0408 835 606
Type
Block Of Units
Bedrooms
16
Bathrooms
8
Parkings
8

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