Kensington 72-74 Anzac Parade

Rare Dual-Lot Development Opportunity in Blue-Chip Kensington

Positioned within one of Sydney's most tightly held Eastern Suburbs pockets, this exceptional dual lot is to be sold in one line which presents a rare opportunity to secure a substantial medium density development site in a blue-chip Kensington address.

Spanning two adjoining corner parcels with a combined site area of 822 sqm, the offering is underpinned by favourable R3 Medium Density Residential zoning with direct uplift under the NSW Government's Low & Mid-Rise Housing Policy - enabling enhanced height and FSR outcomes and genuine project scale in a suburb where consolidated sites of this magnitude are exceptionally scarce.

With strong holding income in place across two existing dwellings, the site provides flexibility while development plans are progressed, all within close proximity to Centennial Parklands, UNSW, Prince of Wales Hospital, Bondi Junction and the broader Eastern Suburbs lifestyle and infrastructure network.

Site highlights:

Dual lot consolidated landholding on a prominent corner position in tightly held KensingtonR3 Medium Density Residential zoning with direct benefit from NSW Low & Mid-Rise Housing Policy uplift allowing residential buildings that are typically between 1 – 6 storeys including townhouses, terraces, duplexes and small apartment buildings subject to STCACombined site area of approximately 822 sqm across two adjoining lots - The FSR is 2:1 and the building height is 23 metres across both properties with potential bonus provisions STCA
The site was included in Council's 2022 Housing Investigation Area (HIA) for 7 storeys
Strong holding income across both dwellings - both comprising four bedrooms, two bathrooms and secure parking; house number 74 is renovated. throughout - Located at ES Marks light rail stop and adjacent to Kensington town centre
Close to UNSW, Prince of Wales Hospital, Centennial Parklands, Bondi Junction and Bondi Beach - approximately 6km to the CBD

Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries.