Prime Opportunity under new LMR
Positioned within one of Randwick's most tightly held coastal pockets, this exceptional dual lot holding presents a rare opportunity to secure a substantial medium density development site in a blue chip Eastern Suburbs setting. Spanning two adjoining parcels with a combined frontage on a quiet established street, the offering is underpinned by favourable R3 zoning with LMR type housing outcomes and strong end value demand. With strong holding income in place across two existing dwellings, the site provides flexibility while future development plans are explored, all within close proximity to beaches, major infrastructure and lifestyle amenities.
High Points
• R3 Medium Density Residential zoning with LMR development potential STCA
• Combined site area of approximately 995sqm across two adjoining lots
• FSR potential of approx. 1.5, over 4-storey buildings within a 17.5m height limit, potential GFA of 1,492sqm, STCA
• Opportunity for townhouse or boutique apartment development STCA
• Strong holding income in place across two dwellings
• Existing 3 bedroom home and substantial 5 bedroom residence with pool and parking
• Quiet established street moments to key lifestyle and infrastructure hubs
• Close to beaches, UNSW, hospitals, shopping centres and approximately 6km to CBD
Benefiting from R3 Medium Density Residential zoning and the NSW Government's Low & Mid-Rise Housing Policy uplift, the property offers enhanced height and FSR potential enabling genuine project scale in a suburb where development opportunities of this magnitude are exceptionally scarce.
Planning & Development Highlights:
• Substantial consolidated landholding
• R3 Medium Density Residential zoning
• Direct benefit from NSW Low & Mid-Rise Housing policy uplift
• Located within 800m of a Town Centre
• FSR: 1.5:1 with potential bonus provisions
• Height: 17.5m with potential bonus provisions
In conjunction with Ray White Eastern Beaches
Nader Hotait 0402 636 320
Inspection Times
• Sat 11th Apr 12:00PM - 12:30PM
• Thu 16th Apr 12:00PM - 12:30PM
• Sat 18th Apr 12:00PM - 12:30PM
• Wed 22nd Apr 12:00PM - 12:30PM
• Thu 23rd Apr 12:00PM - 12:30PM
• Thu 30th Apr 12:00PM - 12:30PM
• Sat 2nd May 12:00PM - 12:30PM
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