Colliers are pleased to exclusively present this prized mixed use development site with DA approval for 18 generously proportioned luxury residences, efficient basement parking for 18+ cars, 2 super prime retail suites and a common rooftop/BBQ area. Carefully curated to cater to the local affluent demographic and downsizer/professional owner occupier market, the efficiently-designed development is set to benefit greatly from Neutral Bay’s generational transformation. Key Highlights: + De-risked; coveted DA approval for 2,551 sqm* GFA + Functional 762 sqm* corner site with rear lane access + Picturesque Sydney Harbour & Middle Harbour views + Favourable unit mix; no studios or 1 bedroom apartments + Genuine scope for Purchaser to submit a Modification seeking approval to build an additional storey (~450 sqm of NSA) in line with the State Government and Local Council Reforms proposing 6 storeys on the site (STCA). + Phenomenal ~45m prime retail frontage + Ideal short term holding income / WALE + Surrounded by an abundance of public transport links, retail, medical and lifestyle amenity + Strong future development pre-sales underpinned by a chronic undersupply of luxury apartments in Neutral Bay For further information and/or to arrange a private inspection, please contact the exclusive listing agents
Colliers - Sydney
Level 30, Grosvenor Place, 225 George Street, Sydney, NSW
Immobiliare ID: 504714252