96 Burns Bay RoadLane Cove NSW 2066
Property Details for 96 Burns Bay Rd, Lane Cove
96 Burns Bay Rd, Lane Cove is a 24 bedroom, 16 bathroom BlockOfUnits with 16 parking spaces. The property has a land size of 1220m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 24 bedroom BlockOfUnits sold in Lane Cove in the last 12 months.
Last Listing description (May 2024)
Ray White Double Bay and Ray White Commercial Eastern Suburbs 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 1 bedroom and 8 x 2 bedroom residences, each complete with parking and a private balcony. Nestled on a substantial 1,220 sqm parcel of level 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 transacted in one line
• Each unit offers outdoor living space and private laundry amenities
• Favourable R4 high-density residential zoning on a significant 1,220 sqm allotment
• 14 lock up garages and 2 car spaces
• Conveniently located 550m from Lane Cove Market Square and 700m from The Canopy Shopping / Retail Precinct
• Presents a stellar investment with renovation potential and scope to boost value and multiply rental yields
• Potential for strata subdivision and sell-down STCA
• Direct express bus services to the CBD at your doorstep
• Generates an income of approximately $450,000 per annum with potential for uplift
This rare offering promises a blend of immediate returns and long-term growth potential in a highly sought-after location.
For further information, please contact the exclusive selling agents:
Melanie Lahoud
Ray White Double Bay
0400 554 544
Breanna Skewes
Ray White Double Bay
0400 487 040
Zorick Toltsan
RWC Eastern Suburbs
0411 227 784
Ray White Double Bay - The Team of Professionals You Deserve
Our recommended loan broker www.loanmarket.com.au/daniel-pym
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
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About Lane Cove 2066
The size of Lane Cove is approximately 2.6 square kilometres. It has 16 parks covering nearly 14.6% of total area. The population of Lane Cove in 2011 was 9,473 people. By 2016 the population was 10,824 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 2011, 65.5% of the homes in Lane Cove were owner-occupied compared with 60.5% in 2016.
Lane Cove has 7,261 properties. Over the last 5 years, Houses in Lane Cove have seen a 47.00% increase in median value, while Units have seen a 14.02% increase. As at 30 November 2024:
- The median value for Houses in Lane Cove is $3,176,437 while the median value for Units is $958,091.
- Houses have a median rent of $985 while Units have a median rent of $693.
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