Ray White Lower North Shore Projects and Developments are pleased to present 50 Grasmere Lane, Cremorne for Sale by Expression of Interest.
50 Grasmere Lane, Cremorne, has DA approval in place for three spacious apartments, with Middle Harbour views and a Northern aspect. This small-scale offering provides an exceptional opportunity for boutique developers to create a residential community where residents can truly connect.
The approval is for a residential building of 5 levels with 2 levels of basement car parking.
The apartments are perfectly suited to affluent downsizers wanting large-scale, low-maintenance living.
The architectural scheme by Floris Smith Architecture includes 5 residential car spaces and one visitor space, with storage for all apartments.
The development includes:
• Apartment 1 (Penthouse) - 4 bedroom 2 level apartment, 211.19 sqm internally, 4 bathrooms, internal private lift, 2 car spaces and 2 large north-facing terraces.
• Apartment 2 - 3 bedroom single-level apartment, 146.5.8 sqm internally, 3.5 bathrooms, 1 car space, large north-facing terrace
• Apartment 3 - 3 bedroom + rumpus 2 level garden apartment, 243.41 sqm internally, 3.5 bathrooms, 2 car spaces north-facing terrace and garden on title.
The property incorporates a car elevator and enjoys over 15 metres of street frontage to quiet Grasmere Lane, with an additional small amount of frontage to Grasmere Rd for services and stormwater. The site is ready for construction to commence.
The existing property is a charming federation home, enjoying 4 bedrooms + rumpus, 2.5 bathrooms, 3 car spaces, and north facing entertaining deck with Middle Harbour views. The property is currently rented out, yielding a significant income.
Located for unparalleled lifestyle, this popular enclave offers exceptional convenience. It's just a short stroll to Neutral Bay shopping precinct, Primrose Park, and Cammeray Golf Club. In addition, access to city transport links on Military Road. Furthermore, the allure of Balmoral Beach is just 3.5km from your doorstep, with Sydney CBD a mere 5.5km commute. Surrounded by quality real estate and excellent schools, this location promises strong buyer demand for a thoughtfully designed residential offering.
* All figures are approximate.
* All information contained herein is gathered from sources we consider to be reliable, however we cannot guarantee or give any warranty to the information provided.
Looking for a home loan? Contact Loan Market's Matt Clayton, our preferred broker. He doesn't work for the banks, he works for you. Call him on 0414 877 333 or visit https://broker.loanmarket.com.au/lower-north-shore/
For more information or to arrange a private inspection, please contact James Harding 0410 330 666 or Tim Abbott 0425 285 833.
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