THE ADVANTAGES OF 'SENIORS LIVING' AS A DEVELOPMENT ALTERNATIVE

A Seniors Living development underway at Oxford Falls on the Northern Beaches

Seniors Living as an asset class is leading other forms of development - especially on the Northern Beaches. And there are other advantages too. As a State controlled SEPP it falls under the favoured 'Low Rise Medium Density' or 'missing middle' category. But the hidden advantage is that if your Seniors development complies in all aspects with the SEPP - it cannot be refused by the local council. And the other advantage is - if the development is well located - preferably in a quiet street but close to amenities - preferably with views and a high quality build - it will achieve above $20k/SqM on resale. As a specialist in these types of development sites, I can say with experience that my latest listing - 12-14 Gladys Avenue, Frenchs Forest ticks all the boxes: great views, back street and close to current and future planned amenities. I'll try and upload a video so stay tuned or visit www.thornproperty.com.au

Development Site in Mona Vale with R3 (medium density) Zoning

14 Walana Crescent is a prime development opportunity located in Mona Vale on Sydney’s beautiful Northern Beaches.

The site is 4,980SqM of mostly flat land, of which approximately 4,140SqM is zoned R3 (Medium density) and the remainder is zoned RU2. The adjoining RU2 section of the land contains sub-tropical rainforest.

 14 Walana Crescent is located in the Greenfield land release zone for the Northern Beaches, which allows for potential subdivision into lots from 200SqM with a 6M frontage (STCA). Being also zoned R3 opens the possibility for ‘multi-dwelling’ houses (STCA).

Depending on the available site layout, the resulting homes could enjoy a magnificent outlook to quiet, leafy sub-tropical rainforest and yet be within 2km of Mona Vale village.

Existing accommodation is spacious with 5 bedrooms, 2 bathrooms, a double carport and pool.

 This site is situated in the vibrant, beachside community of Mona Vale, offering an enviable location for all ages, with cafes, great shopping hub, golden sands beaches, golf clubs, B-line bus to the city and everything for a relaxed, yet convenient Northern Beaches lifestyle.

 ·      Potential for up to 15 housing sites (STCA)

·      Potential for up to 6 Manor house sites (STCA) with 3-4 apartments in each

·      Zoned R3 (Medium Density Residential)

·      Located in the Greenfield release zone for Northern Beaches

·      In Warriewood Valley release area

·      Large, flat building envelope

·      41.8M frontage to Walana Crescent

·      Adjoins existing housing subdivision

·      Close to Mona Vale Village, shopping centre, direct B-Line bus to city, Bayview and Mona Vale Golf clubs, Cafés and beaches