13-15 Gladys Ave & 114 Frenchs Forest Rd West
The LAST large, aggregated site in the Frenchs Forest Town Centre release.
Combined land area - 5,199 m2
FSR - 2.86:1 (LMR/AFH)
GFA - 14,868 m2 (LMR/AFH)
State Significant Development granted to adjacent sites
Precedent set - 4:1 FSR/33m
Elevated position yields distant ocean views from top floors
District views across Oxford Falls Valley from mid-levels
Dual road entry/exit
Site Details
On offer is 5,199 m2 of R3 zoned land with potential for uplift to 2.86:1 FSR (28.6 meters height) under Low & Mid Rise Housing with a 15% Affordable Housing component.
Located within 400m of the E1 zoned Frenchs Forest Town Centre and approximately 200m walking distance to the Northern Beaches Hospital, the site boasts 2 street access with easy entry off quiet Gladys Ave and egress to Frenchs Forest Rd West via a large shared driveway.
Being within 400 meters walking distance to the Frenchs Forest Town Centre (currently on the market), the site is therefore subject to a lift in FSR to 2.2:1 and a height limit of 22 meters under Low & Mid Rise Housing, resulting in a potential GFA of 11,438 m2.
The site becomes even more profitable under Affordable Housing which results in an extra 30% FSR and height, yielding a GFA of 14,869 m2 and accommodating up to 130 apartments, each with 82 m2 of internal living space. A further 30 affordable living apartments with internal living areas of around 65 m2 can be rented out and sold after 15 years.
This site is the LAST large, aggregated site in the Frenchs Forest Town Centre release.
Call Mark Thorn now on (0419) 989 923 for pricing information or download the IM from the button below
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Phone: 0419 989 923
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About Thorn Property
Thorn Property is the Northern Beaches’ specialist in development site sales, helping buyers and sellers take advantage of opportunities created by NSW planning reforms such as the Low and Mid-Rise Housing Policy. Led by Mark, a local expert in rezoned land sales, our agency offers unmatched insight into the market around the 9 approved Town Centres under the new LMR legislation. Whether you’re looking to purchase prime land for development or understand the new value of your property, we provide the guidance and expertise to help you make your next move with confidence.
Testimonials
“From the start of the process of selling our home to the very quick sale, Mark calmed our nerves and helped us breeze through the process. Mark’s professionalism in all facets of the process was greatly appreciated and we would have no hesitation in recommending him as an agent for other vendors.”
“Mark has worked diligently and professionally over the last 12 months to achieve a great result on a relatively unique joint land sale with our neighbour. He has been very responsive and tireless in his efforts to achieve this outcome”
“We would heartily recommend Mark. We were very impressed with the care and attention to detail throughout the preparation, negotiation and sale of our house in Bilgola Plateau by Mark Thorn. We would heartily recommend him to anyone looking for an honest and respectful agent.”
“Mark’s knowledge of the Avalon and Sydney market impressed us right away. We have no hesitations in recommending Mark as he proved himself a professional Real Estate Agent.”
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Northern Beaches LMR area with yields nearly double those of Western Suburbs LMR