LMR ‘SUPER SITE’ – 5,199 m2 R3 ZONED LAND WITH POTENTIAL GFA OF 14,869 m2
On offer is 5,199 m2 of R3 zoned land with potential for uplift to 2.86:1 FSR (28.6 meters height) under Low & Mid Rise Housing with a 15% Affordable Housing component.
Located within 400m of the E1 zoned Frenchs Forest Town Centre and approximately 200m walking distance to the Northern Beaches Hospital, the site boasts 2 street access with easy entry off quiet Gladys Ave and egress to Frenchs Forest Rd West via a large shared driveway.
Being within 400 meters walking distance to the Frenchs Forest Town Centre (currently on the market), the site is therefore subject to a lift in FSR to 2.2:1 and a height limit of 22 meters under Low & Mid Rise Housing, resulting in a potential GFA of 11,438 m2.
The site becomes even more profitable under Affordable Housing which results in an extra 30% FSR and height, yielding a GFA of 14,869 m2 and accommodating up to 130 apartments, each with 82 m2 of internal living space. A further 30 affordable living apartments with internal living areas of around 65 m2 can be rented out and sold after 15 years.
This site is the LAST large, aggregated site in the Frenchs Forest Town Centre release.
The site adjoins 2 sites of similar land area, both recently accepted as State Significant Development sites with an FSR of up to 4:1.
Close
