He expects the new buyer could develop the top part of the block and build on it, plus moor a boat out the front subject to maritime approval.
“The property has been in the family since the 1930s and in the last 40 years I have been looking after the place but it’s time for us to move on,” Mr Hey said.
Ray White Crows Nest | Lower North Shore sales agent Chris Keane said there was simply nothing like this available anywhere in Sydney.
“There is an abundance of opportunity there for someone. It is simply gorgeous down there, a rare bushland retreat on the water and yet in the heart of the biggest city in the country.”
Mr Keane, a specialist in Castlecrag, said the property was rich in history.
“This property and land with both lots, totals more than 6500sqm (approx) which is a rare commodity in Sydney and Australia for that matter with the Australian Bureau of Statistics estimating an average Aussie block size of 474sq m. “
“It has been in the same family for over 80 years and is one of only three homes that were positioned down on the water overlooking Sugerloaf Bay.”
“This is the only one of the three that remains privately owned. The other two properties are owned and rented out by council. This is literally a once in a lifetime opportunity said,” Mr Keane said. HIGH RES PHOTOS - click here
Media Contacts Chris Keane Ray White Crows Nest | Lower North Shore chris.keane@raywhite.com 0497 102 114 Desiree Hough Ray White Crows Nest | Lower North Shore desiree.hough@raywhite.com 0404 860 898Alex Tilbury Ray White Media Manager atilbury@raywhite.com 0413 842 112 |