An excellent corner airspace investment opportunity situated in a quiet residential area, yet within easy reach of all daily amenities.
The property benefits from an approved outline permit for the construction of three additional floors, allowing for the development of 12 new units featuring practical, square-shaped layouts that maximize usable living space.
The existing freehold block currently comprises 30 residential units. A surveyor's report has already been completed, confirming that while some modernization would enhance the building, no major structural interventions are required.
Please note that penthouses cannot be developed, as the roof rights remain reserved to the existing owners, who retain full use and enjoyment of the roof area.
This is an attractive opportunity for developers seeking a well-positioned project with significant potential and minimal structural risk.