2227 sqm of Land
2 Street Frontages
20 x 2 Bed Apartments
One of the most significant property holdings to come to the market in Mosman Park for many years, the wide frontage to the North of this three level building overlooks Centenary Park. Massed to the Eastern end of the 2227sqm site the apartments can be accessed from St Leonards street and from a laneway to the South. Two of the 20 apartments have been renovated to a high standard and the other 18 are in a presentable but dated condition.
The St Leonards boundary (45.3 m) steps back along Ecclesbourne St is 50.3 metres to a laneway along the Southern boundary. There is a large carpark and garden off the laneway making up the Western portion of the Lot and where further development could occur.
Under the proposed Mosman Park Town Planning Scheme No 3 (currently being advertised) the wealth of opportunities for future development of the site is compelling. The site will become a part of the proposed new heart of the Town creating a zone for Mixed Use’ development. As part of the new TPS No 3 you can follow the proposed Policy Platform that describes the control of future development. Guidelines detailing the acceptable residential and non – residential pursuits available in the local hub outline possibilities for small retail, consulting rooms, cafes and offices with street frontage all mixed in with the residential apartments.
With a steady passing-rental income, this is a Land Bank that can pay its way now, and in the future.
If you want to put your investment dollar into the future Hub’ of Mosman Park then this IS the location. Just off the fashionable Glyde Street and close to the Train Station, Mosman Shopping Centre with the ocean just over the rise to the west, the amenity of this area is extremely high.
St Leonards street promises a very interesting property play as one of Mosman Parks few remaining large sites in a single ownership. You, and or, your Syndicate will never regret taking this opportunity to make Centennial Apartments’ yours.
For a brochure, Investment proposal, or just a chat with our team, phone, email or call into our Cottesloe Office.