84-86 Spit Road, Mosman NSW 2088

Ray White Lower North Shore | Projects and Vernon Partners are delighted to offer two freestanding residences in Sydney's booming Lower North Shore market. Rarely do such excellent opportunities present themselves.Occupying a 1,252sqm parcel of land with rear land access from Hordern Lane and suitable for a medium density residential development (STCA), these 2 properties represent a huge opportunity for investors or developers. With a significant shortage of medium density residential developments in the Lower North Shore, there is substantial pent-up demand by downsizers looking for new apartments in close proximity to the shops, cafe and transport. Under the Mosman LEP 2012 apartments are permissible in the R3 zoning allowing a boutique development in an extremely convenient and sought after pocket.84 Spit Road is a Victorian home which has been divided into 2 semi-detached residences, it occupies 577sqm of land. The properties were recently renovated and provide 3 generous bedrooms, timber floors, a renovated bathroom and a car space accessed from the rear lane.86 Spit Road has been owned by the same family for over 100 years. This free-standing Federation home provides 3 bedrooms and has largely remained unchanged over the years. The property has rear lane access and resides on 675sqm level block of land.This substantial site is situated 300 metres from Bridgepoint Shopping Centre and nestled close to all that Mosman has to offer including Chinaman & Balmoral Beaches. Mosman Village itself is a sought-after tranquil area just 8 kilometres from Sydney CBD. Providing a cosmopolitan lifestyle, it is set close to cafes, restaurants, transport links and parks. Features: -One of Sydney's most desirable suburbs in demand by a wide range of buyers-R3 medium density zoning and 11-metre height limit-Large 1,252sqm level block of land with two street frontages -Suited for a medium density residential development (STCA)-300 metres from Mosman shops, Cafes & restaurants Expressions of Interest closing Thursday 12th October 2017 Inspect by appointment only Tim Abbott 0425 285 833Michael Counihan 0434 731 214Adam Vernon 0430 824 123 ** 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.