70 Birriga Road

Bellevue Hill NSW 2023

Block of units

Currently for sale - view listing

Overview

Jewel Investment Opportunity with Development Potential in Blue-Ribbon Bellevue Hill

Holding a prized address in one of Sydney's most coveted coastal enclaves. This property represents a rare and compelling opportunity to capitalise on significant redevelopment potential (STCA). Occupying an expansive 721sqm blue-ribbon parcel with a prized north-easterly rear aspect, this tightly held property offers outstanding scope to create a collection of brand-new luxury residences just moments from Bondi Beach. Occupying a substantial 721sqm parcel with favourable R3 zoning, this development opportunity offers outstanding scope in a highly sought-after setting. Boasting a 13.5m height limit and an FSR of 1.3:1, the site presents potential for approximately 937sqm of GFA, making it an ideal prospect for developers and investors looking to capitalise on a premium landholding. Currently configured as a boutique full brick building of only five apartments, the block comprises a selection of one and two-bedroom apartments, each with valuable car spaces and/or garages, delivering immediate investment appeal in a high-demand rental location. The property is perfectly positioned within walking distance of Bondi's iconic oceanfront promenade, transport, and vibrant local cafés, while only minutes to the world-class retail and lifestyle hub of Bondi Junction and Westfield. Combining strong holding income with exceptional future potential, this is a standout prospect for developers and investors seeking to secure a premium site in a blue-ribbon beachside setting. - Blue-ribbon address in tightly-held coastal enclave - Rare opportunity with significant redevelopment scope (STCA) - Occupying a generous 721sqm parcel with NE rear aspect - Ideal site to create luxury boutique Bellevue Hill residences - Elegant full brick character building of only five apartments - Presenting a mix of versatile one and two-bedroom layouts - All residences include off street car spaces and/or garages - High-demand rental location with solid holding income - Incredible potential to capitalise/maximise the site value - Walk to Bondi Beach, cafés, transport and coastal paths - Minutes to Bondi Junction and Westfield shopping hub