JLL as the exclusive selling agent is pleased to offer Sinclair Street Collective (51-77 Sinclair Street and 2 Bruce Street, Wollstonecraft), a prime residential development opportunity within Sydney’s coveted Lower North Shore. This prime development site is earmarked to directly benefit from the NSW Government’s Transport Oriented Development (TOD) Program – Accelerated Precinct planning reform which proposes rezoning the site to R4 – High Density Residential, featuring a 2:1 FSR and 29m building height limit.
Set on a generous 4,445 sqm* parcel, boasting multiple street frontages, rear lane access and unencumbered by heritage constraints, Sinclair Street Collective is a highly strategic site and exhibits the optimal characteristics that warrant even greater density. Leading urban planning consultants Urbis has meticulously prepared and lodged a comprehensive submission to the NSW Government, which includes alternative built form studies and schemes that compellingly demonstrate the site’s merit for even greater density while aligning with the government’s broader planning objectives.
Development highlights include:
• Prominent 4,445 sqm* landholding located in Sydney’s tightly held Lower North Shore market where quality development opportunities are rare
• Proposed TOD Program controls of 29m building height limit and 2:1 FSR, yielding up to 8,890 sqm* of GFA^
• Perfect opportunity to create a premium residential project that perfectly tailors to the region’s demographic^
• Appealing development attributes with multiple street frontages, favourable site orientation and unencumbered of any heritage constraints which contribute to improved design efficiencies
• Strategically significant site showcasing optimal characteristics for even greater density, with alternative built form studies and schemes submitted to NSW Government for consideration
• Highly affluent region evident with the household income being 81% higher than Sydney’s median, 51% of dwellings owned outright and 74% owner occupied¹
• One of the last sites within the TOD precinct boundary, enhanced by an elevated positioning, offering the potential to capture vast district, river and CBD skyline view corridors^
• A mere 450m* walk to the recently completed Crows Nest Metro Station which provides reliable metro rail access to major employment hubs; Chatswood, North Sydney and throughout Sydney CBD
• Surrounded by an abundance of education institutes, with the North Shore region being home to some of Sydney’s most prestigious private primary and secondary schools
• In proximity to a diverse array of boutique, convenience and major retail offerings including; the vibrant Crows Nest Village, Woolworths Crows Nest and Mall 88
• Only 1.2km* from one of Sydney’s major health precincts which is home to the renowned Royal North Shore Hospital, North Shore Private Hospital and North Shore Health Hub
*Approximate only
¹ ABS 2021 Census Data Crows Nest-Waverton Statistical Area Level 2
^ Subject to planning approvals
Sinclair Street Collective (51-77 Sinclair Street and 2 Bruce Street), Wollstonecraft is being offered For Sale by way of Expressions of Interest closing Tuesday 10th December 2024 at 4pm (AEDT).
Additional information regarding Urbis’ submission is detailed within the due diligence data room.
All enquiries, access to the due diligence dataroom, information requests, inspection arrangements and lodgement of offers are to be directed to the exclusive selling agents.
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