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
From all of our team at Ray White Lower North Shore Group, have a wonderful break with your family and friends. Our three offices will be closed from Saturday 25th December 2021. Our Mosman and Cammeray office will reopen on Monday 10 January 2022 and Crows Nest will reopen on … Read more
Property is both a major part of the household balance sheet and the Australian economy. For the better half of a century, the Australian dream has been grounded in home ownership. Property has been a vehicle of wealth creation, security and success, and now in the post-pandemic world an all-in-one … Read more