RECENTLY SOLD
SOLD - SEPTEMBER 2023 - $7.113M
6-8 NAREE ROAD, FRENCHS FOREST,
1,948 SqM site with Potential for Seniors Living, Boarding House development (STCA) or Dual Family Living
6 & 8 Naree Road together form a 1,948 SqM site to be sold in-line. The aggregated site offers a range of opportunities including:
• Develop as a Boarding House or Seniors Living site,
• Live in (ideal for a big or extended family) or
• Rent out and wait for rezoning.
This site complies with the new planning controls for Seniors Living (July 1, 2022) and would potentially support 13 x 70SqM apartments (STCA). Alternatively, the site could be developed under Co-living Housing for around 24 ‘build to rent’ apartments (STCA) each renting for around $400/week.
Located in Zone 2 for the Frenchs Forest Town Centre rezoning, 6-8 Naree Road is slated for 1:1 FSR, 4 storey apartments. (Zone 1 was Gazetted in December 2021)
SOLD - RECORD PRICE FOR AREA - SEPT 2023