_Residential development site in Sydney’s lower North Shore attracts 200-plus buyers

11 Wyagdon Street in Neutral Bay has attracted huge interest, with more than 120 enquiries after just two days on the market and more than 200 overall

March 13, 2020

Located only 1.5 kilometres from the CBD, the 1,022 square metre residential development site has generated a level of enquiry that has surpassed what we have seen for recent campaigns.

The site, which currently houses a block of six flats, has development approval (DA) for 12 luxury residential apartments consisting of 10 two-bedroom apartments and two three-bedroom apartments with basement and lower ground parking for 16 vehicles.

Image: 11 Wyagdon Street, Neutral Bay, NSW

While there has been reduced sales of development sites in Sydney over the past 18 to 24 months, we have seen the rebounding residential market reignite interest from developers and the huge amount of buyer enquiry demonstrates the demand for this type of offering in such a sought-after location.

Image: 11 Wyagdon Street, Neutral Bay, NSW

DA approved and construction certificate (CC) ready for 12 luxury apartments, the site is perfectly positioned to capture the rapidly improving Lower North Shore residential market straight away.

Situated between the high-end amenity of North Sydney and the Neutral Bay shopping precinct, the proposed residential project will produce housing stock that is in high demand in the area, particularly from rightsizers, but is in short supply.

11 Wyagdon Street is for sale via auction at 10:30am on Thursday, 26 March.

For more information please contact:

Cameron Fitzgerald
Sales Executive, Investment Sales, Development Sites, NSW
Cameron.Fitzgerald@au.knightfrank.com
+61 432 096 135

Adam Bodon
Director, Investment Sales, Development Sites, NSW
Adam.Bodon@au.knightfrank.com
+61 402 700 786