EXCLUSIVE DA APPROVED RESIDENTIAL DEVELOPMENT OPPORTUNITY
SOLD
JLL in conjunction with R&W Newtown take pleasure in presenting 80-84 & 90 New South Head Road, Edgecliff and 9 & 15A Mona Road, Darling Point to market.
The properties offer flexibility for the purchaser to commence development in the short term to increase holding income as a land bank for a future development.
Property Highlights:
• Four separate freehold buildings
• DA approval for a part 4, part 7 storey luxury development comprising 38 residential dwellings & 3 retail lots
• Land bank potential – site area approx. 1,500 sqm
• Prominent corner site located 300m* from Edgecliff railway station & bus interchange and Eastpoint Food Fair
• Passing Net Income of $634,936.92*
The properties will be offered for sale via Expressions of Interest, closing Thursday the 23rd of July 2020.
Modern glass facade encasing 3 large floors
potential increase of NLA through re-design
Existing NLA 909sqm* + 12 basement carparks
Office + retail mix - capturing great exposure
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