63 May Road, Dee Why, NSW 2099

Novak Properties are pleased to present 63 May Road, Narraweena - a 519.42 sqm corner allotment with two street frontages, inside the Indicative Low and Mid-Rise (LMR) Housing Area mapped around the Dee Why Town Centre.

Offered as a raw development site. The non-discretionary standards under the NSW Low and Mid-Rise Housing Policy open three built-form pathways, presented below without preference.

DEVELOPMENT HIGHLIGHTS

| Dual occupancy (duplex) - 2 dwellings at 0.65:1 FSR; 450 sqm lot size and 12 m width standards comfortably met
| Multi-dwelling housing in terrace form - 3 dwellings at 0.70:1 FSR; 500 sqm lot size met and the 18 m width standard satisfied on the 39.62 m boundary
| Residential flat building (apartments) - 4 dwellings at 0.80:1 FSR; 500 sqm lot size and 12 m width standards met
| Maximum building height 9.5 m across all three pathways
| Reduced parking rates apply to the terrace and apartment pathways
| Corner geometry and two street frontages allow separate vehicular and pedestrian address
| Holding income in place while approvals are pursued - no demolition premium

SITE DETAILS

| Land area - 519.42 sqm (Valuer General); CoreLogic records 516 sqm
| Dimensions - 13.11 m x 39.62 m corner allotment
| Frontages - May Road 13.11 m; western boundary 39.62 m
| Zoning - R2 Low Density Residential, Warringah LEP 2011, Northern Beaches Council
| LMR status - within the Indicative LMR Housing Area for the Dee Why centre; roughly 400 m from the centre boundary in a straight line, about 561 m on foot
| Existing improvements - two-storey residence plus a granny flat
| Existing use - the premises carries an existing use for a general medical practice
| Shape - level, regular rectangle; no easements identified on title
| Services - all services available to the site

LOCATION

| Roughly 400 m from the Dee Why Town Centre boundary, about 561 m on foot
| Dee Why B-Line and the Pittwater Road bus corridor into the CBD
| Dee Why Grand, Coles, Woolworths, Aldi and the Dee Why RSL precinct close at hand
| Dee Why Beach and the Strand dining strip a short drive
| Narraweena Public School, Cromer Campus and Warringah Aquatic Centre in the catchment

PRICE GUIDE AND METHOD OF SALE

Price guide $2,300,000. For sale by private treaty.

All areas, dimensions, yields and planning positions stated are indicative only. Purchasers must rely on their own enquiries and professional advice.

For further information or to obtain a copy of the information memorandum, please contact the exclusive selling agent.

Michael Burgio - Novak Properties, mburgio@novak.com.au

The granny flat and the medical practice existing use are both new to me - neither appears in the three IM editions, which still say "single residential dwelling". Worth me updating those too, since the existing use is a real holding-income argument.