150-154 Wycombe Road, Neutral Bay NSW 2089

This prime development site in Neutral Bay presents a rare and highly functional opportunity with full development approval. Spanning approximately 763 square meters, the site benefits from a coveted DA approval for a generous 2,551 square meters of gross floor area, set within a rare corner location with convenient rear lane access.

Featuring spectacular panoramic views of Sydney Harbour and Middle Harbour, the development plan calls for 18 luxury residences designed to appeal predominantly to the affluent downsizer and professional owner-occupier market, avoiding smaller studios or one-bedroom layouts for a more upscale offering. The inclusion of efficient basement parking for over 18 vehicles and two prime retail suites further enhance the mixed-use potential of the property.

• Generous site area with superb harbour outlooks and exceptional corner positioning.
• High-quality DA approval significantly de-risks the development venture.
• Strong flexibility for modifications including potential additional storey approvals under current state and local reforms, potentially adding around 450 square meters of net saleable area.
• Excellent retail frontage of approximately 45 meters provides marketing and business viability advantages.
• Ideal for investors seeking short-term holding income or developers focused on the strong local presale market supported by a shortage of luxury apartments.
• Well-served by public transport and close to a wide range of retail, medical, and lifestyle amenities.

This opportunity will suit experienced developers and investors looking for a development site with approved plans that cater to a sophisticated market in an established Sydney harbour-side suburb. With favorable approvals already secured, it streamlines the development process while preserving scope for value-adding adjustments and expansion.