Stonebridge Property Group is pleased to present for sale, on behalf of Telstra, 4 Olphert Avenue, Vaucluse – a rare and outstanding luxury residential development opportunity located within a tightly-held Eastern Suburbs pocket.

Key highlights of the opportunity include:

• Rare freehold development site within a highly sought-after pocket of one of Sydney’s most affluent suburbs
• Existing improvements comprise a 13.5m* double-storey brick building with impressive floor-to-ceiling heights and expansive floorplates
• Concept scheme for two luxury dwellings (STCA) – capitalise on the unrepeatable scale of the existing built form that is greater than current building height and FSR controls
• Elevated corner position with a prominent double frontage provides water views from both bottom and top floors
• Proposed short-term holding income secured to Telstra via a landlord-favourable triple net lease structure (tenant pays outgoings)
• Convenient to prestigious local schools including Kambala and Kincoppal-Rose Bay School

4 Olphert Avenue, Vaucluse is for sale individually or together with 1C John Street, Hunters Hill by Expressions of Interest closing Wednesday 27 March 2024.

For further information or to arrange an inspection, please contact the exclusive selling agents.