A prized waterfront development site in Putney with attractive approvals in place to reinvent the existing boatshed has come to market.
The approximately 15,870sqm block situated on the shores of the Parramatta River currently has Stage One Approval for an adaptive reuse of the boatshed, with the ability to create marine-related businesses, food and drink premises and up to 19 dwellings.
In addition, there is also a concept approval for the construction of two three storey residential apartment buildings housing 33 units and 18 three-storey townhouses fronting Waterview Street.
There is also permission to lodge for a 36-berth commercial marina.
This incredible opportunity comes with price expectations above $70 million and is exclusively listed with Trent Gallagher and James Cowan of Colliers.
This is a truly remarkable development site with over 300 metres of active water frontage, premium residential, high-end retail and potential for 36 marina berths. We are expecting wide and varied interest from Australia and beyond,” Mr Gallagher said.
“Residential demand has remained strong for prestigious, well-appointed and high-quality stock such as what has been represented in the Stage 1 DA for 20 Waterview Street. Accordingly, we believe the site will be very well competed for,” Mr Cowan added.
The approval provides approximately 11,772sqm of GFA on top of the marine facilities, which is set to provide much needed stock to an undersupplied segment of the market.
Approximately 11.2km east of Parramatta, Putney is well serviced by local bus routes and is a short distance from Meadowbank Station. Connections to major employment hubs like Ryde, Sydney Olympic Park and Concord add to the appeal.
The property at 20 Waterview Street in Putney will be sold via Expressions of Interest closing 3:00pm (AEST) Thursday 10 November 2022.
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