A rare investment or lifestyle opportunity comprising a commercial retail shop with potential for adding 1 or 2 Studio units above. (See Lapsed DA for 2 Studio Apartments)
Alternatively, knock down and rebuild a quality family home in a fantastic and convenient location (STCA and Rezoning).
The property is located on the Southern side of Sydney Road with a Northerly aspect and potential views over Fairlight / Balgowlah from a second level.
Positioned approx. 500m from the heart of Balgowlah's shopping precinct, 500m to Fairlight neighbourhood shops and an easy level 200m walk to a local Coffee Shop.
Approx. 1.3km to Manly shops and beach
Approx. 800m to the Harbourside Walking path from Fairlight to Manly
An easy drive to Warringah Mall with major retailers and over 50 stores
Close to many local Private and Government Primary & High Schools
We currently have lapsed plans for a DA approval for 2 x Studio apartments added on top of the shop. Part of the structural work has already been completed for the addition of units above.
Current Zoning - ZONE E1 Local Centre
This property represents an excellent opportunity for a multitude of uses and future potential.
- Add 2 x studio apartments above - increase potential rental income
- Add on a larger single unit above - Live in the unit and receive an income
- Knock down the current premises and replace with a quality family home
** Contract, Lapsed Plans & Drawings available to download from skylinerealestate.com.au using a desktop, laptop or iPad.