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
Private inspections
to arrange a private inspection.
Map
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.
- 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
393-395 & 397-399 New South Head Road
Double Bay, NSW 2028
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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Society of Friends Meeting Hall, 119-123 Devonshire Street,Surry Hills, NSW 2010 600 m²Development Sites & Land • Offices • Other