DA approved Darling Point harbourfront site a phenomenal prospect

19 April 2023

One of the last major developable waterfront sites in Darling Point is expected to garner significant interest after coming to market.

Owned by accomplished developer Michael Teplitsky, the property at 77 Yarranabbe Road comes with DA approval for four luxury apartments through the award-winning architect Koichi Takada

With its prime location on the world-renowned harbour, this property offers over 1,000sqm of exclusive real estate that is poised to attract a diverse range of interested parties, from local to international developers and high-net worth individuals. The property’s enviable combination of a world-renowned view, expansive block size, and an exclusive location are undoubtedly its most compelling features.

Currently configured as a block of four apartments, the property has been acquired over time by its current owner. Given its exceptional location and the potential for redevelopment, this property presents a unique opportunity to own a slice of Sydney’s most exclusive real estate.

The Colliers team of Matthew Meynell, Miron Solomons and Matt Pontey have the listing in conjunction with Julian Hasemer & Brad Caldwell-Eyles of 1st City, with price expectations of circa $50 million.

“Opportunities of this size and scale directly situated on the waters of Sydney Harbour seldom come to market. Combine this with DA Approval for four high-end apartments and you have one of the most attractive listings to hit the market so far this year,” Mr Meynell said.

“Yarranabbe Road is a landmark destination that is home to some of Sydney’s most high-profile names, with properties of this level of prestige rarely coming to market. Currently configured as four apartments, the untapped potential of a site like this presents an enthralling prospect for a range of buyers,” Mr Solomons added.

“Buyers for new, high-end apartments on the Eastern Suburbs waterfront have never been spoilt for choice, it’s virtually impossible to find. The astute developer now has a significant opportunity to capitalise on this extremely rare, DA approved opportunity. Once this KTA designed masterpiece is completed, these 4 luxury, whole floor waterfront residences will be highly sought after, they will command the highest prices ever paid for apartments in the East” Mr. Hasemer added.