RAW DEVELOPMENT SITE – LAND BANK & AMALGAMATE

3 LEVEL COMMERCIAL- RETAIL – RESIDENTIAL BUILDING.

First time offered in over 55 years. Iconic commercial/retail/large 3-bedroom apartment.

D’Ettorre Real Estate proudly presents an extraordinary and exceptionally rare opportunity for forward-thinking developers to unlock the full potential of this site, 130 New South Head Road, Edgecliff.

Highlights:

• Land Zoning – MU1: Mixed Use
• Height Limit – 20.5m
• FSR – 2:1- Land size – 204sqm   
• Frontage approximately 19m
• GFA of approximately 558 sqm over 3 levels
• Gross income $213,800 Inc GST P/A
• Retail – $154,000 INC GST P/A (Current lease in place)
• Apartment $59,800 P/A (Periodic tenancy)
• Retail lease and residential lease in place.
• GFA of 558 sqm over 3 levels.
• Approximately 186 sqm ground floor retail/showroom area
• First level creative warehouse styled space approx 186 sqm
• Huge 3rd level apartment with generous outdoor terrace

Prime corner position on the corner of Lower Darling Point Road with tremendous development opportunity STCA situated on a leading gateway arterial road to the Eastern Suburbs & CBD.

Meters to Edgecliff Shopping Centre, Edgecliff Train, Bus Station, Harbour foreshores and Parks all at your doorstep.

Outgoings – Total: $9,464.78 P.Q. / $37,859.12 P.A.

Council Rates: $774/PQ

Water Rates:$600/PQ

Insurance: $9,387.12/PA

Land Tax: $5,744/PQ