This iconic building, situated on the corner of Henrietta Street and Cooper Street in the heart of Double Bay, presents a rare investment opportunity. The property comprises 14 well-maintained apartments with parking, and occupies a substantial 776 square meter corner block.Key Property Features:- Land Area: 770m (approx.)- Building Height: Proposed 22m under LMR Housing policy (STCA)- Potential GFA (Gross Floor Area): Approx 1715 m2 (STCA)- Current Use: 14 (7 x 2 bed and 7 x 1 bed) residential apartments with parking for 16 Cars - Fully Tenanted Investment- Strata Plan in place - Sold in one lineLocation Highlights:Perfectly positioned to Double Bay's vibrant shopping village, picturesque harbour foreshore and ferry wharf. Excellent transport links providing easy access to the CBD and beyond.Surrounded by a mix of public parks, Sydney's most popular beaches, and first-class amenities.The area is renowned for its high-end retail, dining, and services, further enhancing its appeal.This exceptional property provides the perfect balance of immediate income with the potential for future development (STCA). With a solid annual income of approximately $520,000 with a potential to increase, it offers a unique opportunity for investors to secure a prime asset in one of Sydney's most prestigious and sought-after locations. Whether you're looking to develop, hold, or both, 5 Henrietta Street presents unparalleled value.For Sale by Expressions of Interest Closing 3pm 10th October 2025 if not sold prior
The size of Double Bay is approximately 0.8 square kilometres. It has 6 parks covering nearly 10.0% of total area. The population of Double Bay in 2016 was 4642 people. By 2021 the population was 4709 showing a population growth of 1.4% in the area during that time. The predominant age group in Double Bay is 30-39 years. Households in Double Bay are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Double Bay work in a professional occupation.In 2021, 53.10% of the homes in Double Bay were owner-occupied compared with 54.90% in 2016.
Double Bay has 3,726 properties. Over the last 5 years, Houses in Double Bay have seen a 51.44% increase in median value, while Units have seen a 34.79% increase. As at 31 January 2026:
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