45 Kingsgrove Road, Belmore NSW 2192

six-unit block on one title | wide 16.8m frontage | R3 redevelopment zone | flood overlay present | yields from day one This property is considered a rare offering in Belmore being a single-level block of six one-bedroom units held on a single title. Its substantial land size and wide frontage are recognized as strong attributes for medium-density redevelopment under the current R3 zoning. The site is well located close to local amenities and transport. This configuration is best suited for investors seeking established rental income or developers looking for a land-holding with existing yield. The property’s investment-grade character is defined by its planning potential and ongoing rent roll. Insurance premiums and development approval processes may be affected by the flood overlay on the land. Capital expenditure might be required to maintain rental returns due to the older building age and finishes. The site’s redevelopment potential and existing income stream should be carefully weighed against these factors.