A rare opportunity to secure a solid brick block of eight generous 2-bedroom units, each with its own balcony and lock-up garage. All units are currently leased, providing immediate rental income, with scope to add tremendous value through renovation or redevelopment (STCA). Perfectly positioned in a leafy Chatswood street, this property is just a short stroll to Chatswood Interchange, Westfield, cafes, restaurants, and is zoned for Chatswood High and Public Schools. Whether you're an investor seeking strong returns or a developer looking for your next project, this is an opportunity not to be missed.
Development Highlights;
- 1,022 sqm of land
Current site: Willoughby Local Environmental Plan 2012
Zoned R3 Medium Density Residential under Willoughby Council
Prescribed FSR of 0.7:1 (permissible GFA of 715 m2).
Prescribed building height limit of 9 metres.
With SEPP changes (development approvals)
Low-Mid High Rise changes: Outer Area (400800m):
Height Limit: Up to 17.5m, provided the building has 4 storeys or fewer.
Floor Space Ratio (FSR): Maximum 1.5:1.
Subject to approvals
For more information and the information memorandum please contact Anthony Somlai on 0401 848 494, anthony@homepropertyagents.com.au
All information contained herein is gathered from sources we deem to be reliable however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
