Land approx. 1,884 sqft
Existing built-up approx. 5,074 sqft
Commercial zoning | GPR 4.2
Currently usage ~ Backpacker Hostel with potential to redevelop into Hotel
Selling vacant β buyer can immediately plan for redevelopment and GFA maximization. No need to deal with tenancy, no downtime.
Currently underbuilt relative to allowable intensity. Clear upside for those looking to rebuild, top up lease and reposition.
This is a rare hospitality play in D1 β especially at this entry quantum. Even after factoring lease top-up and redevelopment, it remains palatable vs fully rebuilt assets in the area.
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