An exciting development opportunity has presented itself on Sydney’s Northern Beaches with a rare 1.21ha* block now available for developer interest at 24B Gladys Avenue.
Comprised of nine residential R2 zoned properties being sold in a row, the offering is positioned opposite the brand new, 480-bed Northern Beaches Hospital.
Ray White Frenchs Forest Principals Megan MacKay and Trevor Cain has put together the package with a view to taking advantage of both the location, and the vendor's willingness to sell now, rather than wait for the Northern Beaches Council to finalise their continuing city development scheme.
Although there are existing homes in situ, Mr Cain believes the value here is the rare land holding, measuring 9,700sq m* with an additional 1,300sq m* of dedicated right of way.
Developments suited to the area would include aged care and retirement living projects, as they would be well supported by the hospital, medical specialists and comprehensive radiology services just minutes away.
Surrounded by rich, native bushland, and potentially offering valley views, Ms MacKay believes this project will be seen by the locals as a chance of achieving significant urban renewal which will contribute to the existing character of the area.
With the property’s zoning not expected to change, the site presents developers with the potential for immediate urban regeneration.
Terrace housing, low-rise medium density apartments, and the more contemporary manor housing designs are all suitable to the area, and would be serviced by the upgraded roads and infrastructure recently put in place to service the hospital precinct.
The campaign is looking for expressions of interest, with the closing date of 27th June, 2019 at 3.00pm E.S.T.
*Approximately.
