DECEASED ESTATE
Being offered for the first time, CBRE presents to market 14 Lennox Street, Bellevue Hill.
14 Lennox Street, Bellevue Hill is a deceased estate, comprising an existing two-storey building of 4 x 2 ½ bedroom apartments with 4 x lock up garages and an enclosed storage shed. The property sits on a generous level site area of 704sqm* which is North-East facing offering abundant sunlight throughout the day. Located on a quiet and tranquil street in Bellevue Hill moments from shops, prestigious schools, and transport, this property provides incoming purchasers with a rare opportunity to acquire a significant residential investment awaiting imminent value-add improvement.
The property has been well maintained and enjoys generous floor to ceiling heights across all apartments. Also benefitting from rare dual driveways on both sides of the property providing fantastic drive through access.
14 Lennox Street presents a diverse opportunity to prospective purchasers to secure a safe residential investment with significant value-add potential. Whether it be capitalising on the existing apartment block use by selling down through strata subdividing, or building your own dream home; duplexes, or semi-detached dwellings (STCA) which are permissible under the current planning controls. 14 Lennox Street is a rare opportunity that provides multiple value-add potential in Sydney's exclusive Eastern Suburbs.
14 Lennox Street, Bellevue Hill benefits from the following key attributes:
Deceased estate
First time offered to the market
Existing improvements of 4 x 2 ½ bedroom apartments
4 x lock up garages with enclosed storage shed
Significant land area of 704sqm*
Large existing internal building area of 391sqm*
Potential to capitalise on existing use right of 4 residential apartments
Ability to add value, sell down, or build your own dream home/duplex's on a well maintained and level block
R2 Low Density Residential zoning (permitting dwelling/semi-detached dwellings/dual occupancies)
9.5m height of building
Dual driveway with drive through access to either side of the property
Central location close to Bondi Beach, Bondi Junction, Rose Bay, and Double Bay
Elevated views over Bellevue Hill and North-East facing providing sunlight throughout the day
Situated in a quiet and tranquil locality and moments from prestigious schools, parks, retail, transport, and beaches.
14 Lennox Street, Bellevue Hill will be sold via an online Public Auction at auctionWORKS on Tuesday 17 August 2021 at 10:30am (registration, livestream & online bidding will be available)
Inspections to be held by appointment as per COVID-19 Greater Sydney restriction requirements. Please enquire directly with the exclusive agents to arrange a private viewing.
For more information or to request access to the due diligence room, please contact the exclusive selling agents.
*Approx
