2 Punt Road Gladesville NSW 2111

A rare opportunity to acquire a prime development site (MU1 Mixed use zoning, Floor-space-ratio 2.7:1) approved for a 6-storey residential building on a 734m2 block. The development approval features 9 x 1-bedroom, 13 x 2-bedroom, and 2 x 3-bedroom modern apartments, many with terraces and eight with enclosed sunrooms. Secure parking for 25 cars over only two basement levels, complemented by a communal rooftop terrace offering breathtaking views of the Parramatta River, Sydney Harbour Bridge and Sydney CBD.

The existing two-storey full-brick building, currently generating holding income, consists of 4 x 2-bedroom + Study apartments and 4 car spaces. Conveniently located near Victoria Road, the property is just moments from shops, parks, and public transport to Sydney and Parramatta CBDs.