Prime Residential Land Holding in Hot Spot Will Thrill Developers

17-23 Mitchell Avenue, Jannali

A consortium of private individuals have appointed Savills to market the only available medium density amalgamated R4 High Density Residential site situated within the affluent suburb of Jannali, a southern suburb of Sydney.

With an impressive site area of 4,143 square metres, the land holding comprises five detached residential dwellings, namely 17, 19, 21 and 23 Mitchell Avenue and 78 Sutherland Road and is being marketed with price expectations north of $12 million.

Director of Savills Residential Site Sales, Stuart Cox, said “rarely does such a large land holding, carrying with it an R4 high density residential zoning, get offered to the market with the added convenience of being situated within such close proximity to the local railway station and local shopping village, which will be a major drawcard for developers.”

Zoned R4 high density residential, with a maximum building height of five storeys, the land holding is a blank canvas to create a prestigious residential development (STCA) within the affluent suburb of Jannali.

Mr Cox added that the private individuals are looking to capitalise on the strong residential market conditions and the growing popularity of the established tightly held suburb.

This unique southern Sydney offering is an opportunity for developers to acquire an elevated corner parcel of land, benefitting from two street frontages and impressive views back towards the Sydney CBD to the north-eastern elevation from the upper levels.

Located 100 metres from Jannali Railway Station and Jannali Shopping Village, the landholding is approximately 15 minutes from the sandy beaches of Cronulla, and is bounded by Como and Oyster Bay to the north, Kareela to the east, Sutherland and Kirrawee to the south and Bonnet Bay to the west.

Situated 28 kilometres south of the Sydney CBD, Jannali is an established residential area offering exceptional community amenities such as excellent schools, a state-of-the-art hospital, shopping, access to major transport routes, parklands and beaches.

The properties will be sold via an Expressions of Interest campaign, closing on Thursday 18 November 2015.