DA Approved Boutique Development Site in Sought After Lower North Shore
This property represents an outstanding opportunity to acquire a large investment property with DA approval for the construction of a mixed use boutique building in Naremburn Village.
The property is situated in one of the Lower North Shore's most sought after suburbs & only 7km from the Sydney CBD. Naremburn offers a shopping strip on Willoughby Road, only a 10 minute walk from Crows Nest Village which offers an array of boutique and speciality shops. It is one of the smallest of the Willoughby City suburbs and is also one of the oldest.
The site commands a prominent position with wide street frontage to Willoughby Road. This is an excellent opportunity to acquire Naremburn's only mixed use development. A successful purchaser may have the option to keep the existing tenant on a month-to-month lease while obtaining the construction certificate (CC).
Overview
- Land size of (approx.) 528sqm
- Rare offering to secure Naremburn's only mixed use development site|
- B1 Neighbourhood Centre zoning with a floor space ratio of 1.5:1 and a height limit of 11 metres
- Approved for 235sqm of prime retail on ground level with a clever unit mix of 8 residential apartments above|
- Less than 500m to Crows Nest cafes and restaurants and only 1km to St Leonards train station|
- Convenient access to the Warringah Freeway and Sydney CBD
- Designed by acclaimed architects, Architecture Urbaneia
- Current tenant is on a month-to-month lease generating a healthy holding income
Auction: Tue 23-May-17 10:30AM
For more information please visit www.270willoughbyroad.com
Tim Abbott 0425 285 833
Michael Counihan 0434 731 214
Proudly marketed by LJ Hooker Projects & Developments.
** All information contained herein is gathered from sources we consider to be reliable, however we cannot guarantee or give any warranty to the information provided.
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