Shead Property are pleased to offer for sale by way of public auction 7 out of 8 strata units located along Prime Victoria Avenue, adjoining Chatswood Chase Shopping Centre.
The existing two storey building which contains the 8 units is erected on a generous and level site area of 891.6 sqm with a frontage of 18.29 metres.
The zoning under Willoughby City Council WLEP 2012 is B4 Mixed Use, which allows amongst other uses; retail, commercial, hotel or motel accommodation, medical centres, shop top housing.
Under the current zoning, the existing building is underutilized and well under its true potential, the floor space ratio (FSR) of 1.7:1 would potentially allow for a circa 1,500sqm building.
The opportunity to acquire 87.65% of the total unit entitlement in such a prime location is a once in a lifetime opportunity!
The auction will be held 10.30am, Tuesday 23 November 2021 at 50 Margaret Street Sydney.
For further information please contact Bill Geroulis 0413 100 200, Rick Sombroek 0412 280 181 or Ivor Zhou 0430 248 867.
Disclaimer: All data is provided for information purposes only and while all care is taken in its presentation, Shead Property does not guarantee or warrant the accuracy, completeness or currency of the information.
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