Exceptional opportunity for a developer / builder to purchase this raw mixed use development site with Potential for 18 x STRATA LOTS, 2 STRATA SHOPS, 4 X 1 BEDROOM UNITS, 12 X BED/STUDIO UNITS. Subject to Council Approval. Don’t miss these well-positioned properties in Sydney’s busy and ever popular Glebe Point Road retail strip having tremendous potential for redevelopment, strong future capital growth and rising rental income returns. The proposed new zoning by Sydney City Council is B2 Local Centre – Commercial and Residential Use, this will allow for a variety of retail uses. Frontage approx 14 m – Land area approx 511sqm 4 separate titles with existing building Area approx 400sqm – The proposed new DCP height limit will be 9 m. (3 floors) and the FSR will be S1 (1:1.5) or allowable building floor space approx 767 sqm. -
Please note: There could be a possibility to purchase additional floor space from the Sydney City Council.