Issue 72 I The Property Development Review

NSW Opportunities

Boundary Indicative

For sale 20 Byrnes Avenue, Neutral Bay NSW For sale by Expressions of Interest closing Tuesday 26 May 2026 at 4pm (AEST) North shore freehold block of apartments w/ development potential

– Versatile 579 sqm* site: refurbish existing 6-unit building or pursue LMR development (up to 1,655 sqm^ GFA & 8-storeys^) – Gross annual income of $156,780* from 6x 2-bedroom units with value-add potential – R3 zoned with LMR benefits: 2.2:1 FSR and 6-storey limit, or 2.86:1 FSR & 8-storeys^ with affordable housing bonus. Excellent harbour and CBD views. – 4km* from Sydney CBD, 2km* from North Sydney. 15- 20 minute peak-hour commute with exceptional local amenity and strong end-user demand.

*(Approx.)

Dylan McEvoy 0406 560 204

Harry Sullivan 0425 232 688

property.jll.com.au

32 – May /June 2026

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