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393-395 & 397-399 New South Head Road Double Bay, NSW 2028

393-395 & 397-399 New South Head Road,
Double Bay, NSW 2028

Offices • Shops & Retail

Price information

Sale - Expression of Interest

Please contact agent

Key property information

Floor area

Car spaces

Parking info

Property extent

Zoning

Municipality

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Tenants / Type
CBA & Westpac Banks

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Double Bay Development Site with Substantial Holding Income from Westpac & CBA Banks

  • 1,138m²* combined land parcel
  • Substantial holding income
  • Rear lane access and onsite parking
One of Double Bay’s largest holdings, this substantial combined parcel represents a significant development opportunity or blue-chip investment with multiple income streams including two major national financial institutions.

- 1,138 m²* combined land parcel
- Westpac – Land area of 531 m²*
- CBA – Land Area of 607 m²*
- Zoned E1 – Local Centre
- Currently subject to a planning proposal to enact the updated Double Bay Centre Planning and Urban Design Strategy+
- FSR – 2.5 : 1 (Proposed 3.5: 1 under the updated strategy^)
- Proposed height to accommodate a 5 storey mixed-use , shop-top housing, residential and/or commercial development, being 19m^
- Underpinned by substantial holding income and anchored by CBA & Westpac Banks.
- Valuable rear lane access and parking currently configured for 19 cars
- Blue-Chip Investment or Development Opportunity surrounded by major amenity and key transport links underpinned by huge potential for capital growth
- Exceptional exposure to over 65,000* passing cars each day
- Capitalise on one of the most dynamic and exciting commercial markets in Australia

Colliers & Ray White Commercial exclusively offer these two parcels of land for sale together or separately.

*Approximately
^Subject to Council Approval
+ Endorsed by Woollahra Council 27 November 2023.

Property ID: 504387624Last Updated: 3 Jul 2024

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393-395 & 397-399 New South Head Road
Double Bay, NSW 2028
Colliers - Sydney
Level 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
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