2 Punt Road, Gladesville NSW 2111

A rare opportunity to acquire an Art-deco residence consisting of 4 self-contained 3 bedroom plus study flats with development upside.

Hold and collect income from the 4 self-contained flats and capitalise from future redevelopment.

Land size approx. 734sqm
MU1 Mixed use zoning
Floor-space-ratio 2.7:1
6 storey height limit with a further 30% bonus height and density available under Affordable housing provisions (STCA)

Conveniently located near Victoria Road, the property is just moments from shops, parks, and public transport to Sydney and Parramatta CBDs.

Suitable for top shop housing, boarding house, Co-living, childcare centres, residential apartments & etc.

Additional Highlights:
• Substantial passing income of $100,000 p.a.
• Zoned mixed used development
• Existing improvements features 4X2 bedroom apartments plus study.
• Walking distance to Gladesville Town Centre
• Close proximity to well-established schools and major regional centres.
• Bus station to the city is only meters away.
• The property benefits from existing building with immediate income while offering long term uplift through its underlying mixed used zoning