58 Waters Road

The Phone Code for this property is: 36930. Please quote this number when phoning or texting. Prime LMR Development Opportunity with Harbour Outlooks | Neutral Bay / Cremorne An exceptional opportunity to secure a high-potential amalgamation site within the tightly held Lower North Shore, positioned in the LMR (R3 Medium Density) zone with scope for a landmark development (STCA). Plans for duplex and townhouses are available . Based on council's feedback DA lodgement is in final stages and we can give option of contract subject to DA approval and vendor finance. Set on a level parcel with potential for up to 6-storey construction, the site captures desirable water views towards Beauty Point and offers strong future upside in one of Sydney's most in-demand pockets. Key Highlights: -LMR (R3) zoning with potential for 6-storey development (STCA) -Ideal amalgamation opportunity with neighbouring properties -Potential harbour/water views towards Beauty Point -Level site for ease of development -Minutes' walk to Neutral Bay Village, cafés, dining and retail -Frequent city buses within few mins walk or another bus at doorstep -Close to leading schools including Redlands, plus childcare and local amenities Alternatively, the site presents an excellent opportunity for duplex or townhouse development (STCA), offering flexibility across multiple project strategies. The existing dwelling is currently tenanted, providing holding income while plans are prepared. Vendor finance options may be available, and there is potential to negotiate with neighbouring owners for a larger consolidated site, including long settlement terms or call and put option arrangements. A rare offering combining location, scale and future potential in a blue-chip harbour-side precinct. Price will vary depends up on its use eg as DA approved duplex site, amalgamation with neighbour for townhouses or 6 floors apartmenets and will start from $5.5m upwards. Don't miss - please contact us. Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.