Ray White Commercial Eastern Suburbs and Ray White Double Bay are delighted to showcase 96 Burns Bay Rd, Lane Cove, a generational prized asset hitting the market for the first time in over 50 years.

This exceptional property is set for auction on Thursday, May 30th, 2024.

Seize the opportunity to acquire an entire block of 16 apartments comprising 8 x 2 bedroom and 8 x 1 bedroom residences, each complete with parking and a private balcony. Nestled on a substantial 1,220 sqm parcel of land, this property is ideally situated just a short stroll from the vibrant Lane Cove Shopping Village and within easy reach of an array of supermarkets, cafes, schools, and healthcare facilities.

Key Highlights:

• A unified block of 16 apartments to be sold in one line
• Each unit offers outdoor living space and private laundry amenities
• Favourable R4 high-density residential zoning on a significant 1,220m2 land holding with 18m frontage (approx.)
• 14 enclosed garages plus 2 additional parking spaces
• Conveniently located 550m from Lane Cove Market Square and 700m from The Canopy Shopping / Retail Precinct
• Significant value add and positive rental reversion opportunity through renovation, refurbishment, and repositioning.
• Potential for strata subdivision and sell-down (subject to council approval)
• Direct express bus services to the CBD at your doorstep
• Generates an income of approximately $450,000 per annum with immediate potential for rental uplift

This rare offering promises a blend of immediate returns and long-term growth potential in a highly sought-after location.

Inspection Times:

• Saturday & Thursday 10:00 - 10:30am (commencing May 4th)

Auction Details:

• Date: Thursday 30th May, 2024 at 6pm
• Location: Ray White Double Bay Office
• Address: 356 New South Head Rd, Double Bay

For further information, please contact the exclusive agents.

Zorick Toltsan
RWC Eastern Suburbs
0411 227 7...

Melanie Lahoud
Ray White Double Bay
0400 554 544

Breanna Skewes
Ray White Double Bay
0400 487 040