Located in the Edgecliff growth corridor and earmarked for a height increase to 20m, this B4 mixed use zoned property is approved for a four storey, 9.5m height limit residential/commercial development. Mortgagee is selling in spite of huge upside likely to be shortly available. Never before have we seen such a golden opportunity. The property is run down but is split into shop, office, two flats and triple garage which can be flexibly used for own usage or income producing, a wonderful bonus while waiting for the big payday.- Showcase corner position on 257sqm, - Landhold opportunity available with huge upside- Currently consists of 5 lettable areas - 2 residential, 1 retail, warehouse, office & garage at rear.- Three street frontages to Glenmore Road, Reddy Street and Artlett Street with the longest side facing north.- Ripe for renovation with High ceilings & period features - Displays many classic and original architectural features- Easy access to Edgecliff, Darling Point & Paddington hubs, Rushcutters Bay Park & Sydney CBD- Detached building at the rear with a commercial office, warehouse style storage and undercover parking for 2-3 cars – Currently leased
