85 Anzac Avenue, West Ryde, NSW 2114

Must be Sold! Renovate or Detonate, R4 High density zoning

Key Property Summary

Last of the remaining R4 High Density development sites in West Ryde.
Selling as is, the location of this property sells itself. Approx. 6 mins walk to West Ryde Station this under-capitalised plot of land is perfect for high density redevelopment such as units, townhouses or a 'New Generation' boarding house/ student accommodation (Subject to council approval).

The current 3 bedroom, 1 bathroom home was until recently leased at $495 and will be sold with vacant possession.

Key development Highlights

R4 High Density residential zoning
Floor to space ratio 1:1
Site area (approx.) 734sqm
Max Building height: 11.5 metres

The hidden potential

Bonus FSR of 0.5:1 under AHSEPP (Total FSR of 1.5:1 on the site after the bonus is applied yields a GFA 1,101sqm)

For more information, visit the NSW government website via the link below:

https://www.facs.nsw.gov.au/providers/housing/affordable/develop/chapters/floor-space-incentives

Land tax exemption also available for boarding house developments.