Exclusively available through VIN Commercial is this favoured Lower North Shore offering situated at No9 Undercliff Street, Neutral Bay, one of Sydney's most prestigious suburbs.

Opportunity highlights;

-Land Size - 489.3sqm*
-Zoned - R4 High-Density Residential
-Approval - 3 x luxury apartments over four levels (2 units are full level and the penthouse is over two levels) + Street level parking with a total Net Sellable Area of 520.59sqm.
-High-demand marketplace

Current improvements include 3 x 2-bedroom units with parking returning a rental income of $128,540* per annum. The existing units are considered to be presented in good satisfactory order throughout.

No9 Undercliff Street offers breathtaking views out towards some of Sydney's most iconic landmarks, such as Sydney Harbour Bridge, City Skyline and surrounding Waters.

The site is also supremely located in proximity to local amenities, most of which are within walking distance;

-Hayes Street Beach - 450m / 6-minute walk*
-Neutral Bay Wharf - 500m / 7-minute walk*
-Forsyth Park - 650m / 9-minute walk*
-Neutral Bay Public School - 800m / 9-minute walk*
-Grosvenor Lane Shops - 1.1km / 12-minute walk*

This site is being sold via expressions of interest closing at 3 pm, Wednesday, 9th November 2022, if not sold sooner.

Please make sure to check our advertisement for updated open for inspection times.

To request access to the complete due diligence pack, including the information memorandum, DA-approved stamped plans and supporting documents, please do not hesitate to reach out to us at any time.

*Approximates