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.
For full article from the Weekly Times click here
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