DiJones is pleased to present this exceptional residential development opportunity in the heart of Balgowlah, walking distance to Manly wharf and all the activities it brings. Cafes and restaurants, boutique shops and larger chain stores as well as the beaches and sporting facilities.
- Potential for 500sqm* of Residential building
- 973 sqm* of R1 zoned land
- Connectivity to public transport. Easy commute to the city or the Northern Beaches. Warringah Mall is a five minute drive.
This prominent site benefits from the multiple options for you to choose and pursue.
- Currently, there are 4 tenancies via 2 x 2/3 bedroom apartments in two duplex buildings. Keep it as is – a strong investment, currently returning $174,000 pa
- Sub-divide (STCA) into 2 lots, each with a duplex returning two rental incomes. Keep one and sell one or sell both.
- Strata the property (STCA) into 4 x 2/3 bedroom apartments. You would then have 4 x 2/3 bedroom apartments to hold or sell.
- Knock-Down-Re-Build – Create your own masterpiece. Family home or unit complex (STCA)
- Positioned on the popular Manly Foreshore walk at North Harbour reserve, this enviable location adds volumes to its' appeal.
Zoned R1 General Residential, the site offers 0.5:1 FSR and a 8.5 metre height limit, The property offers an outstanding canvas for a premium residential development that capitalises on its prime position and strong market fundamentals.
Disclaimer: the information provided is for general informational purposes only and is not intended as legal, financial, or real estate advice. While every effort is made to ensure the accuracy of the information, we make no guarantees regarding its completeness or accuracy. Prospective parties are encouraged to conduct their own independent investigations. We are not responsible for any liabilities that arise from use of information provided.
