17 Bayswater Road, Potts Point, NSW 2011

Development/Land | Other

For Sale Contact Agent

  • Property ID: 394557
  • Floor Area: 449m²
  • Land Area: 449m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
LUXURY RESIDENTIAL DEVELOPMENT SITE IN THE HEART OF POTTS POINT

PUBLIC ONLINE AUCTION on 17 August 2021 at 10:30am
CBRE, as the exclusive sales agent, is pleased to present 17 Bayswater Road, Potts Point. The property is a premium development site positioned in one of Potts Point’s most desirable locations. 17 Bayswater Road boasts a significant land holding of 450sqm and commands a prominent North-East facing position along Potts Point’s bustling Bayswater Road. The
property is currently a 5 storey building, facilitating ground floor retail across a building area of 1,421sqm. The B2 Local Centre zoning, along with the sizeable land parcel and additional access from Goderich Lane, provides a sought-after opportunity for a high-end residential development (STCA). The site is governed by a 5:1 FSR and 27m height limit, allowing for a potential GFA of 2,245sqm (STCA).
Located at the heart of Kings Cross, 17 Bayswater Road is situated just moments from elite schools, parks, supermarkets and retail shops. The property capitalises on the nearby Kings Cross Train Station (200m) which offers direct services to Sydney CBD and the Eastern Suburbs including Bondi Junction.
The property is also a short walk from the highly popular ‘eat street’ along Victoria Street (160m).
17 Bayswater Road benefit from the following key attributes:
- One of the last sizeable development opportunities left in Potts Point
- Substantial land holding of 450sqm*
- North-East facing aspect with rear street access
- B2 Local Centre zoning, allowing for residential
apartment development (STCA)
- Prestigious Potts Point setting
- High density planning controls with a 5:1 floor space ratio, allowing a potential of 2,245sqm (STCA)
- 27m height limit, allowing a potential of 8-9 storeys (STCA)
- Offered with favourable lease structure, sold as a going concern
- City skyline views from upper levels (STCA)
- Moments from Kings Cross Station, shops, popular bars and dining
The property will be sold by way of Public Online Auction on Tuesday, 17 August 2021 at 10:30am.
CBRE will be holding private inspections appointments according to NSW health guidelines. Please contact the exclusive agents to arrange a private viewing.
*Approximate
Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.

Potts Point Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $10490 --- ---
Retail --- $703 ---
Offices $10964 $726 6.62%
This is the average advertised price, rent and yield for Potts Point, NSW 2011*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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