22-26 Spruson Street,
Neutral Bay, NSW 2089

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PREMIER DEVELOPMENT SITE

Total land area: 1,837sqm*
Zoning: R3 Medium Density Residential
Strong development opportunity

CBRE, as the exclusive selling agent, is pleased to present 22-26 Spruson Street, Neutral Bay. The subject site consists of three fully tenanted apartment blocks across three separate titles. Together, the combined site presents a premium residential development opportunity located nearby North Sydney CBD.

22-26 Spruson Street capitalises on the following key attributes:

• Currently configured as three separate unit blocks, totalling 12 x 2 bedroom units
• Currently fully leased with a gross passing income of $300,522 per annum*
• Total land area: 1,837sqm*
• R3 Medium Density Residential zoning
• Views of North Sydney skyline from upper levels
• Strong development opportunity with holding income
• Closely situated to North Sydney CBD, Neutral Bay Junction and Neutral Harbour
• Accessibility to train, bus and ferry options services
• Fast growing suburb in high demand

*Approximate

22-26 Spruson Street, Neutral Bay will be made available for sale via expressions of interest, closing Wednesday, 30 May 2018 at 4:00pm.

For more information, please contact the below agents:

Jason Lowry
0419 277 5...
jason.lowry@cbre.com.au

Toby Silk
0422 143 8...
toby.silk@cbre.com.au

Nicholas Heaton
0408 025 0...
nicholas.heaton@cbre.com.au

Property ID: 502799806Last Updated: 9 Aug 2018