SUPERB DEVELOPMENT OPPORTUNITY WITH TRIPLE NET LEASE BACK TO TELSTRA

Highlights

• 3 YEAR LEASE BACK TO TELSTRA
• ABSOLUTE PRIME PARCEL OF LAND
• MIXED USE DEVELOPMENT OPPORTUNITY

Description

Superbly located in the heart of Mona Vales’ commercial centre, on the southern side of Pittwater Road.

This Prime Redevelopment Site enjoys a Front and Centre position within the sought-after Mona Vale Mixed Use precinct.

With an expansive Northerly Pittwater Road aspect overlooking the iconic Village Park and an excellent frontage to the vibrant Bungan Lane, Mixed-Use Development sites don’t come much better.

All local amenities and services are just “a stones throw”, whilst Northern Beaches, North Shore suburbs and Sydney CBD, via Mona Vale Road, Pittwater Road & Wakehurst Parkway are all most accessible.

The locality is well serviced by public transport with main shopping centres such as Warriewood Square, Meriton Town Centre and Westfield Warringah Mall all in ready proximity.

This incredible property offers a rare opportunity for astute developers to acquire an exceptional land parcel in one of Northern Beaches most coveted medium density precincts. With quality development sites highly sought after but seldom available, this offering is a standout in the coveted suburb of Mona Vale.

KEY FEATURES INCLUDE;

- Quality 1,444sqm land parcel fronting Pittwater Road (approx.)
- Building area of 908sqm (approx.)
- Potential to capitalise on State Government proposed height limit increase
- Situated in the heart of Mona Vale’s bustling industrial & commercial precinct
- Level allotment of land
- Expansive Northerly frontage to Pittwater Road overlooking Village Park, with Barrenjoey Rd Visibility
- MU1 Mixed Use Zoning
- Triple net lease back to Telstra
- Landmark development opportunity
- Expansive exposure to Pittwater & Barrenjoey Roads
- Existing generous 13 Metre Redevelopment Height
- Significant frontage to vibrant Bungan Lane.
- Excellent future retail/commercial prospects.

Mona Vale is the ideal destination for affluent downsizers and empty nesters, ensuring the future prospects of the inevitable redevelopment of this unique opportunity. With Lease back income from Telstra whilst design and approvals are attained, this is as close to perfect as you may ever find.

The property is offered for sale via Expressions off Interest closing 9th December 2024 at 10.00am.