Case Studies

2-4 Pinaroo Place, Lane Cove North, NSW

The site is currently zoned R4 High Density Residential Zone under the
Lane Cove Council LEP 2009. DA approved for 23 units, the site will
provide a development that meets the current and future demand for
apartment living within the Lane Cove North area.

The site is bound by public roads and public parks on three sides,
and low density residential development on the fourth side. There
is therefore no further potential for the site to be amalgamated with
additional lots.

The site comprises a total land area of 1,208sqm* and has a total
frontage of approximately 32m to Pinaroo Place and a frontage to
Mindarie Street of approximately 37m.

Highlights of the DA are outlined below:
• Basement – 29 resident car parking spaces
• Ground Floor – one x 1 bedroom apartment, one x 2 bedroom
apartment
• First Floor – Five x 2 bedroom apartments;
• Second Floor – Three x 2 bedroom apartments plus three x 1
bedroom apartments;
• Third Floor – Three x 2 bedroom apartments plus three x 1 bedroom
apartments;
• Fourth Floor – one x 1 bedroom apartment plus one x 2 bedroom
apartment plus two x 3 bedroom apartments;

Sales Analysis*
Sale Price:$6,325,000
Land Area:1,208m²
Zoning:R4 High Density Residential
Building Height:14.5 metres
Floor to Space Ratio:1.6:1
Gross Floor Area (GFA):1,932m²* (STCA)
Rate per site (STCA)$275,000 (23 units)
Rate per GFA m²$3,272
Raw or DA:DA Approved for 23 units
Sale Process
Sale Date:October 2015
Sale Type:Private Treaty

*approx

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