BALMORAL ON PARK, 23-27 Balmoral Street, Waitara, NSW, 2077

Boasting a premier location on a corner block, this amalgamated site is DA approved for 51 apartments. Under NSW planning, low and mid rise housing policy, there is POTENTIAL TO INCREASE THIS DEVELOPMENT TO 6 STOREYS (22m) or 63 apartments. This is an amazing opportunity not to be missed. Centrally located to Hornsby, Waitara and Wahroonga CBD,s yet quietly positioned on a residential street with r2 zoning opposite, the completed apartments will appeal to future residents seeking apartment living with a residential ambience. The site currently comprises five properties leased with a generous yearly return.

IMPORTANT UPDATE - LOW AND MID RISE HOUSING POLICY

• Under the NSW low to mid rise housing policy there is potential to increase the yeild of this development from 5 storeys to 6 storeys, an extra 12 apartments.
• The distance to station as surveyed is 372M. Refer to documents for futher detail.

NSW PLANNING POLICY

• Permissibility changes
• New non-discretionary development standards
• In R3 and R4 zones:
• 0–400 m from station/centre
• Floor space ratio: max 2.2:1
• Height of building: max 22 m
• Storeys: max 6
• No minimum lot size or width (LEP provisions switched off)

APPROVED PLANS

• 51 Apartments
• Height 16.9m
• 1 bedrooms x 2
• 2 bedrooms x 17
• 3 bedrooms x 32

FURTER DETAILS

Combined Land size: 3042.4 sqm

Currently five properties leased

• 23 Balmoral St: $790 pw
• 23a Balmoral St: $950 pw
• 25 Balmoral St: $850 pw
• 25a Balmoral St: $890 pw
• 27 Balmoral St: $790 pw

Total per annum $222,000 approximately

LOCATION

•  School Catchment: Waitara Public School
•  300m to Mark Taylor Oval
•  350m to Waitara Public School
•  500m to Waitara Train Station
•  950m to Hornsby Hospital
•  1.2km to Hornsby Westfield
•  1.4km to Hornsby Station & CBD
•  1.4km to Barker College

Contact Matt on 0417 773 500 for further information.

Disclaimer: All information contained here is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it.