JLL in conjunction with R&W Newtown take pleasure in presenting 80-84 & 90 New South Head Road, Edgecliff and 9 & 15A Mona Road, Darling Point to market.
The properties offer flexibility for the purchaser to commence development in the short term to increase holding income as a land bank for a future development.
- Four separate freehold buildings
- DA approval for a part 4, part 7 storey luxury development comprising 38 residential dwellings & 3 retail lots
- Land bank potential – site area approx. 1,500 sqm
- Prominent corner site located 300m* from Edgecliff railway station & bus interchange and Eastpoint Food Fair
- Passing Net Income of $634,936.92*
The properties will be offered for sale via Expressions of Interest, closing Thursday the 23rd of July 2020.
-Basement parking for 27 vehicles, bike racks and motorbike spaces under the DA.
(Plus 6 additional existing strata car spaces in the adjoining building at 100 NSH Rd.).