Rarely does an opportunity like this present itself in Neutral Bay, offering sensational city views in Sydney's highly desirable Lower North Shore, this apartment block has been stylishly renovated. Residing in a quiet leafy street, the property presents the opportunity to strata title and sell down or develop into a luxury apartment block under existing use rights (STCA). Standing on a generous 657sqm* landholding, the charming property is comprised of six-two-bedroom half floor apartments with six onsite parking spaces. The apartments being half floors, enjoy only one common wall and great natural light from windows across three sides. Situated in an extremely convenient and desirable location just moments from the bustling North Sydney CBD and Sydney CBD in addition to major services and amenities including shops, public transport, prestigious schools, and lavish parks.
Key features of the property include:
Six spacious half floor two-bedroom apartments recently renovated.
Each apartment has its own car space with onsite parking for six cars
Opportunity to strata title and sell down or develop under existing use rights (STCA)
Sensational investment opportunity in a highly tenanted area, underwriting the area's strong rental demand
Highly desirable and popular location attracting white collar tenants and young families
Conveniently situated in Sydney's exclusive Lower North Shore in great proximity to shops, prestigious schools, public transport, parks, and Sydney CBD
Desirable freehold property with stunning views of Sydney CBD
Generous 657sqm* landholding in a quiet street
66 Undercliff Street, Neutral Bay will be sold via Public Auction on Tuesday 8 June, 2021 at AuctionWORKS - Mezzanine Level, 50 Margaret Street, Sydney (live stream & online bidding available).
For more information or to request access to the due diligence room, please contact the exclusive selling agents.
*Approx.
