Situated at the western end of the Kingsland Village retail strip sits 508-510 New North Road. A traditional early 20th century home converted into two residential flats in the 1960’s, and now available for the first time after decades of ownership with the one family. The owner is clear, they are selling, and it is now time for the next stage in the evolution of this property.
The house structure still has plenty of life, but there is no denying that it will benefit from some attention and remedial work. Life may continue as a residential renter, or convert to a commercial type use. The big attraction to the property, however, is the present and proposed zoning. This ability to intensify and build up, combined with the location, will make this a real target for developers.
KEY FEATURES:
• Terrace Housing and Apartment Building zone
• Proposed Plan Change 120 tags the site to 50 metres development height
• Freehold site
• Land area of approximately 835m²
• Two residential flats, one leased at present on a periodic term
For more information, please contact the listing agent.
