96 Burns Bay RoadLane Cove NSW 2066
Property Details for 96 Burns Bay Rd, Lane Cove
96 Burns Bay Rd, Lane Cove is a 2 bedroom, 16 bathroom House with 16 parking spaces and was built in 1970. The property has a land size of 1254m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Last Listing description (May 2024)
Ray White Commercial Eastern Suburbs and Ray White Double Bay are delighted to showcase 96 Burns Bay Rd, Lane Cove, a generational prized asset hitting the market for the first time in over 50 years.
This exceptional property is set for auction on Thursday, May 30th, 2024.
Seize the opportunity to acquire an entire block of 16 apartments comprising 8 x 2 bedroom and 8 x 1 bedroom residences, each complete with parking and a private balcony. Nestled on a substantial 1,220 sqm parcel of land, this property is ideally situated just a short stroll from the vibrant Lane Cove Shopping Village and within easy reach of an array of supermarkets, cafes, schools, and healthcare facilities.
Key Highlights:
A unified block of 16 apartments to be sold in one line
Each unit offers outdoor living space and private laundry amenities
Favourable R4 high-density residential zoning on a significant 1,220m2 land holding with 18m frontage (approx.)
14 enclosed garages plus 2 additional parking spaces
Conveniently located 550m from Lane Cove Market Square and 700m from The Canopy Shopping / Retail Precinct
Significant value add and positive rental reversion opportunity through renovation, refurbishment, and repositioning.
Potential for strata subdivision and sell-down (subject to council approval)
Direct express bus services to the CBD at your doorstep
Generates an income of approximately $450,000 per annum with immediate potential for rental uplift
This rare offering promises a blend of immediate returns and long-term growth potential in a highly sought-after location.
Inspection Times:
Saturday & Thursday 10:00 - 10:30am (commencing May 4th)
Auction Details:
Date: Thursday 30th May, 2024 at 6pm
Location: Ray White Double Bay Office
Address: 356 New South Head Rd, Double Bay
For further information, please contact the exclusive agents.
Zorick Toltsan
RWC Eastern Suburbs
0411 227 784
Melanie Lahoud
Ray White Double Bay
0400 554 544
Breanna Skewes
Ray White Double Bay
0400 487 040
Property History for 96 Burns Bay Rd, Lane Cove, NSW 2066
- 30 May 2024Sold for $11,000,000
- 02 May 2024Listed for Sale Auction
- 28 Jul 2021Listed for Rent - Price not available
Recent sales nearby
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0About Lane Cove 2066
The size of Lane Cove is approximately 2.6 square kilometres. There are 16 parks, covering nearly 14.6% of the total area. The population of Lane Cove in 2016 was 10817 people. By 2021 the population was 12363 showing a population growth of 14.3% in the area during that time. The predominant age group in Lane Cove is 30-39 years. Households in Lane Cove are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Lane Cove work in a professional occupation.In 2021, 59.80% of the homes in Lane Cove were owner-occupied compared with 60.50% in 2016.
Lane Cove has 7,312 properties. Over the last 5 years, Houses in Lane Cove have seen a 6.35% increase in median value, while Units have seen a 10.75% increase. As at 31 July 2026:
- The median value for Houses in Lane Cove is $3,014,947 while the median value for Units is $967,068.
- Houses have a median rent of $1,288 while Units have a median rent of $750.
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