Part-Constructed Mixed-Use Development
On the instructions of the Receivers & Managers
23 Howard Avenue, Dee Why NSW 2099
For Sale by Expressions of Interest
Closing 12pm (AEST)
Wednesday 7th September 2011
KEY ATTRIBUTES
The property benefits from the following key attributes;
A PART-CONSTRUCTED, MIXED-USE DEVELOPMENT OPPORTUNITY
The property benefits from being part-completed, which offers the purchaser the opportunity of multiple savings in terms of construction costs, time and excavation risk when compared to raw mixed-use development sites.
A MIX OF UNITS COMPRISING: 10X 1-BEDROOM, 10X 2-BEDROOM (SOME WITH STUDY), 2X COMMERCIAL AND 5X RETAIL
A DA was approved by Warringah Shire Council on the 21 August 2001 for the demolition for the existing structures and construction of a shop-top housing development comprising ground floor retail and car parking, first floor commercial and car parking plus six further floors comprising the residual of the car parking together with 20 residential apartments.
Construction works have commenced which are incomplete. Inspections are therefore essential to fully appreciate the full potential of this opportunity and to enable prospective purchasers to assess the nature and extent of works required.
MANY UNITS HAVE OCEAN AND/OR DISTRICT VIEWS
Many of the residential units within the subject property benefit from ocean (mainly the units to the east) and/or pleasant district (mainly the units to the west) views that will set the completed scheme apart from competing projects in inferior locations.
WALKING DISTANCE TO THE BEACH / CBD LOCATION
The subject property is located approximately 800 metres walk from the idyllic Dee Why beach and as such offers the successful purchaser a compelling sales hook when selling down the completed residential units.
The subject property situated in the heart of Dee Whys bustling Central Business District and as such provides a further benefit to the successful purchaser when on-selling the completed stock.