Within hours of its launch, hungry developers were already circling around the 1252sqm site at 84-86 Spit Rd.
Tim Abbott, of Ray White Lower North Shore Projects, said the property was the first development site of its kind for the area in a long time.
“It is rare to find a block of land of this sort on frontage this close to the shops,” he said.
The site has a 46m frontage to Spit Rd, as well as rear lane access from Hordern Lane. It has a R3 medium density zoning and 11m height limit.
Mr Abbott said the site could potentially take 15-16 boutique apartments depending on their size (subject to council approval). He said such a development would address a significant shortage of this type of property in central Mosman.
“There’s actually quite a strong demand from downsizers who want to stay in the area and be close to amenities,” he said.
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The Promoter is: MOZPROP NO 2 PTY LIMITED Trading as Ray White Lower North Shore (company ABN no. 56 082 751 237) whose registered office is at 102 Glover Street, Mosman NSW 2088 (and it’s associated related entities.) The competition is open to residents of Australia aged 18 years or … Read more