1 Eden Street North Sydney NSW 2060

1 Eden Street, North Sydney has a rare an unrepeatable DA Approval for a high end 10-room boarding house, complemented by ground-floor retail and commercial spaces, as well as a spacious communal room on the top floor.

Upon completion 1 Eden Street will be only 1 of 6 registered Boarding houses in North Sydney.

Furthermore, North Sydney Council maintains a firm stance on restricting residential usages within the CBD core, making properties like 1 Eden Street more valuable given its residential approval.

Key Property Features:
• DA Approved high end Boarding House for 10 rooms
• Unrepeatable DA
• Upon completion will be only 1 of 6 boarding houses in North Sydney
• No basement ensuring lower build costs
• North Sydney Council doesn't permit residential usages in the CBD
• Strategic location with the best of Crows Nest & North Sydney walking distance away
• 600m to Victoria Cross Metro (opens in 2024)
• 400m to the Mater Hospital
• 1.8kms to Royal North Shore Hospital
• 465sqm of approved GFA (Gross Floor Area)
• Each room estimated to rent for $500 per week

This property presents a unique opportunity to acquire entry-level freehold in the rapidly growing North Sydney area. With the upcoming opening of the Victoria Cross Metro Station in mid-2024, North Sydney is poised to become one of Sydney's most connected hubs, featuring both heavy rail and a Metro system. The strategic location of 1 Eden Street, just 600m from the Metro Station entrance, adds to its appeal.

The site encompasses 196 sqm, with an existing building area of 126 sqm, offering ample potential for development. Conveniently situated in a thriving area, the property provides easy access to shops, schools, and public transport.

Seize the opportunity to own a slice of North Sydney real estate before the market undergoes a significant transformation with the introduction of the Victoria Cross Metro Station. Act now and get in touch with us for more details and to schedule a viewing.