This is a unique opportunity to secure a high-exposure 700m² (approx.) corner block in the heart of Mona Vale. Zoned R2 Low Density Residential and located just 800 metres from the town centre, this property is perfectly positioned to benefit from the NSW Government’s new Low and Mid-Rise Housing Policy (Feb 2025).

Whether you’re a developer, investor or owner-occupier, the site offers significant flexibility. You can develop now, hold for future capital growth, or continue to operate the existing high-quality medical facility.

Key Features:
Zoned R2 Low Density Residential
700m² corner block with dual street frontage
Within 800m of Mona Vale’s shops, cafes, schools and transport
Eligible for Code-Compliant Development under the new SEPP
Corner position provides excellent design flexibility and street presence
High-exposure location just moments from the town centre
Development Potential (STCA):

Recent policy changes now allow a range of low-rise housing outcomes for this location. Subject to council approval and design compliance, potential development options include:

Terrace Housing:
Permitted under the new planning policy for R2 zones within 800 metres of a town centre. The site could accommodate three to four dwellings, each approximately 140-165 square metres internally. Subdivision is allowed, making this ideal for builders or developers wanting to maximise resale potential.

Manor House:
This option allows for up to four dwellings in a single two-storey building under one title. It’s a great fit for investors or multi-generational living and benefits from a streamlined approval process.

Duplex:
A traditional and proven approach with the potential to build two dwellings. This would require standard council approval and could offer strong long-term value, particularly with Torrens or Strata subdivision.

Existing Use – Fully Equipped Medical Facility:
Currently operating as a premium optometrist clinic, the property is also perfectly suited for other medical or consulting purposes. The existing fit-out includes:

Three consulting rooms and two large showroom spaces
Full kitchen, bathroom and patient amenities
High-speed Cat 6 data cabling throughout
Wheelchair accessibility
On-site parking and private outdoor area
Excellent signage opportunity thanks to its corner location

Why This Property Stands Out:
Zoned for dual occupancy under new LEP guidelines
Ready for development, continued commercial use, or long-term hold
Rare combination of residential development potential and current commercial income
Prime corner position offering both visibility and access
This is a once-in-a-lifetime opportunity to acquire a high-yield, high-potential site in one of the Northern Beaches’ most desirable suburbs.

Contact us today to arrange a private inspection or discuss the development potential further.

All development options are subject to council approval. Buyers are advised to conduct their own due diligence.