27 Nullaburra Road, Newport

27 Nullaburra Road, Newport, NSW, 2106, AU

Description

JLL are proud to present 27 Nullaburra Road, Newport, a DA-approved opportunity to deliver 7 spacious apartments averaging 113 sqm each, designed with the luxury downsizer and family market in mind in a supply-constrained beachside location. With only a 10-minute walk to Newport beach, the site benefits from all of the lifestyle and amenity that Northern Beaches buyers require. The existing improvements comprise of five leased apartments generating rental income, allowing investors to hold and generate cash flow while timing construction commencement to suit their pipeline.

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Attributes

Land area gross

13,132 sf

Media

Investment highlights

DA Approval Secured – 7x premium, spacious apartments all with north or east aspects + 16 basement car spaces and designated storage designed with downsizers and families in mind
Coastal Lifestyle and Amenity – 7 min walk to Newport Town Centre, 10 min walk to Newport Beach
Supply Constrained Area – Newport’s restrictive 11.5m height limit and No LMR area means that further development supply in this area will be limited
Water Views – Elevated site location (18m above sea level) and approved building height enables upper floor apartments to benefit from view corridors to the water
Income Producing Landbank– 5 fully leased existing apartments generating immediate cash flow for buyers
Affluent Local Area – Newport is home to downsizers, retirees, families and young professionals alike
Premium Residential Product – The approved apartments are spacious, averaging 113 sqm of internal area each with outdoor terraces that face north or east. Unit 6 and Unit 7 have direct access straight from the basement car park.
Begin construction quickly – All conditions satisfied, stormwater easement secured, ready to commence