Adam Charles in conjunction with Moxham Commercial and transaction manager Folio Property are delighted to present 87-89 Iris Street, Beacon Hill to the market by way of expressions of interest
This significant DA approved development offering will service an undersupplied downsizer market, with strong underlying land value.
Key Development Highlights:
- Elevated 2,180* sqm site area, featuring district views
- Favourable planning controls: R2 low density zoning, 0.5:1 FSR & 8.5m height limit
- DA approved + CC lodged for 10 x 3 bedroom luxury seniors living apartments
- Approved GFA of 1,080 sqm
- Each residence offers an elevated position, large open floor plans & ample private open space appealing to the downsizer market
- Strong demand for finished product with minimal competing stock
- Underlying land & house value with 2 existing homes on over 1,000sqm of land
Location Highlights:
- 5*km from Sydney's picturesque coastal strip, including Dee Why, Freshwater and Curl Curl Beach
- Affluent established area with first class amenities, including the upgraded Northern Beaches Hospital & Forestway Shopping Centre
- Convenient transport links with bus stop at the doorstep, connecting residents from Manly to Frenchs Forest via Dee Why
- 300m to major arterial road, Warringah Road, providing access to the Sydney CBD in under 30* minutes
MOTIVATED VENDOR, MUST BE SOLD
A 100% freehold interest in 87-89 Iris Street, Beacon Hill is offered for sale via Expressions of Interest closing 27th July 2023 at 5:00pm (AEST).
For more information or a copy of the IM and due diligence material, please contact the exclusive agents.
Transaction manager:
John Macree
Folio Property
Remember to mention you found this property on DevelopmentReady
