Ray White Commercial (SC) is pleased to present to market a rare DA approved boutique development opportunity in one of the most sought-after pockets of Lower North Shore. The property, located at 352 Miller Street, Cammeray, is offered for sale.
This tightly held landholding comes with DA approval for six (6) generously sized luxury apartments, offering immediate development potential in a premium owner-occupier market. Under the NSW Government's new Low & Mid-Rise Housing Policy (LMR), the site benefits from an uplift in FSR up to 1.5:1^, allowing a new purchaser to potentially add another level and further maximise yield and value.
Set in a prized lifestyle corridor, the site boasts exceptional connectivity - within easy distance to the new Victoria Cross and Crows Nest Metro stations, North Sydney CBD, Cammeray Village, and surrounding dining and retail precincts. It also offers seamless access to the M1 Motorway, providing direct links to the Sydney CBD, Eastern Suburbs, and the Northern Beaches.
Additional highlights of the asset include:
Approved for 6 apartments with 643sqm* GFA
Designed by renowned architects SJB
Potential uplift to GFA of 921 sqm^ via LMR
Land Size: 614sqm*
Zoning: R4: High Density Residential
Elevated block with minimal excavation
Immediate access to M1 Highway and local schools
400m* to Cammeray Village
795m* to Victoria Cross Station (per survey plan)
1km* to North Sydney CBD
1.2km* to Crows Nest Metro
352 Miller Street, Cammeray is offered for sale.
For further information, please contact the exclusive selling agents below.
*Approximately
^STCA
The size of Cammeray is approximately 1.6 square kilometres. There are 19 parks, covering nearly 25.2% of the total area. The population of Cammeray in 2016 was 7006 people. By 2021 the population was 7088 showing a population growth of 1.2% in the area during that time. The predominant age group in Cammeray is 30-39 years. Households in Cammeray are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Cammeray work in a professional occupation.In 2021, 57.20% of the homes in Cammeray were owner-occupied compared with 55.10% in 2016.
Cammeray has 4,113 properties.
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