4 Beds

2 Baths

2 Parkings

Prime development site with multiple opportunities.

A significant development opportunity in a prime lifestyle corridor, this central Northbridge property holds a wealth of potential not only for the now but in the future. A neat and tidy classic bungalow currently sits on the exceptional 773sqm that is zoned R3 Medium Density and falls under the latest Willoughby Council Strategy plan to rezone which allows for an anticipated ability to increase the floor space. Either way the potential is significant. The bungalow is currently configured as two self-contained residences, both which are leased out allowing for an income stream whilst awaiting planning. This is an exceptionally rare opportunity across from Northbridge Plaza, steps to the bus and moments to quality schools, North Sydney CBD and Chatswood.
– Due north facing, exceptional block with a large 18.17m frontage
– Falls under the latest Willoughby Centres Strategy 2036 ‘June 2020’
– Floor space ratio 0.7:1, maximum height 9m with current R3 zoning
– Front house contains 3 beds, 1 bath, lounge/dining, kitchen, laundry
– Back of house has 1 bedroom, 1 bathroom, new kitchen & laundry
– Double lock up garage, both properties with tenants already in place
– Live in one and lease the other, develop immediately or landbank
– Moments to reputable schools, shops, restaurants and local cafes
– Walk to Northbridge Plaza, close to North Sydney and rapid CBD access