49 Drumalbyn Road, Bellevue Hill NSW 2023

LJ Hooker Woollahra is excited to offer to the market a highly desirable and sought after opportunity to secure an approved luxury development site, in exclusive suburb of Bellevue Hill.

Known as "Palomar" 49 Drumalbyn Road is set on an elevated position with 834.7 sqm of land and boasts Harbour views from upper levels and is surrounded by prestige homes.

This rare and unique site is being offered for the first time in 25 years and has been approved for 7 x 3 bedroom luxury apartments, parking for 16 cars with massive internal areas ranging from 140 to 154 sqm.

Currently comprised of an older style Spanish mission apartment block of 6 x 2 bedroom apartments with 6 LUG's.

Bellevue Hill adjoins suburbs of Point Piper, Rose Bay, Woollahra, Double Bay and Bondi Junction, its ultra-convenient position is within easy access to Westfield Bondi Junction, Double Bay Shopping Precinct and close proximity to other shops, restaurants, schools, parks, golf courses beaches and the CBD.

The site offers an enormous opportunity with a range of flexible options including holding the property with potential to grow the income, capitalise on the current Development Approval and build a luxury apartment building or change the current Development Application (STCA) to suit your ideal plans.

This exceptional opportunity is perfect for developers, builders, traders, owner occupiers and investors.

To inspect the property, interested parties must make prior arrangements by contacting the exclusive agent.

All information contained herein is gathered from sources we consider to be reliable, however we cannot guarantee or give any warranty to the information provided. Interested parties must solely rely upon their own enquiries.