5 & 5a Gladys Avenue, Frenchs Forest, NSW, 2086
1,020 m²
R3-zoned land
Uplift to a 2.2:1 Floor Space Ratio
57m Frontage
22m building height
Site Details
5 & 5a Gladys Avenue, Frenchs Forest comprises 1,020 m² of R3-zoned land, eligible for uplift to a 2.2:1 Floor Space Ratio (FSR) and 22m building height under Low & Mid Rise Housing reforms. Offering a prime corner position with a huge 57m frontage, the site is within 400m walking distance of the E1-zoned Frenchs Forest Town Centre and 300m from Northern Beaches Hospital. Extensive views across the Oxford Falls valley to West Head would be potentially available from the top floors, opening the opportunity for luxury, top floor apartments.
Development Potential
Proximity to the Town Centre allows for an FSR of 2.2:1 and 22m height, supporting up to 2,244 m² Gross Floor Area (GFA).
This can accommodate approximately 20 apartments (average 97.6 m² internal), with a projected gross return of $36 million
Affordable Housing Bonus
An additional 15% affordable housing component could allow a further 30% increase in FSR and height.
This scenario could yield approximately 26 saleable apartments (83 m² each) plus 6 rental apartments (63 m² each), with a projected gross return of $42 million.
Affordable rental apartments could generate an estimated net rental income of $1.27 million per year ($19 million over 15 years), and may be sold for about $7.6 million after the 15 year holding period
Enquire Today!
Phone: 0419 989 923
Other Development Sites For Sale
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.”
From Our Blog
Discover what the NSW Housing Pattern Book is, how it works, and why it's shaping the future of low-rise housing design across New South Wales.