Adam Charles & NOVAK Properties, as exclusive selling agents, are pleased to present 16 Gladys Avenue, Frenchs Forest, a highly compelling development opportunity located within one of the Northern Beaches’ most strategically positioned and tightly held growth precincts.
Offered with a price guide of $8 million, this elevated 2,411 sqm R2-zoned site is one of the few remaining feasible Class 1 townhouse opportunities in the area. A Development Application is currently under assessment for a contemporary 15-townhouse scheme.
“Finding a feasible class 1 development of scale is incredibly difficult. This site offers scale, a healthy margin and tremendous upside for any perspective purchaser”, says Adam Bodon.
The proposed 3–5 bedroom luxury residences capture spectacular district views, generous private open space and above-ground parking. With no basement required, the design allows for efficient construction and strong appeal to owner-occupiers and affluent downsizers.
Positioned just 160 metres from Northern Beaches Hospital and directly adjoining the future Frenchs Forest Town Centre, the site sits at the centre of significant infrastructure and lifestyle growth. The Forest High School has recently opened, and construction of the new town centre is scheduled to commence this year. Easy access to Warringah Road, Wakehurst Parkway and future transport upgrades further enhances the location.
Future townhouses are anticipated to achieve circa $2.5 million to over $3.0 million per residence, indicating a potential gross realisation exceeding $38 million.
Mark Novak commented, “Demand for the proposed townhomes is already exceptionally strong, with multiple buyers pre-registered and actively waiting to purchase once the development is delivered by the successful buyer. That level of early interest further highlights the depth of demand for high-quality, well-located housing in Frenchs Forest.”
With favourable topography, established infrastructure, a north-facing rear aspect and district views toward Terrey Hills and Ingleside, this is considered one of the most executable townhouse development sites currently available in Frenchs Forest.
“This transformation has driven strong momentum in the commercial market, which remains the backbone of any successful suburb. Novak Properties has sold over 95 per cent of one of Frenchs Forest’s first four-storey industrial developments, comprising more than 150 storage units and 80 warehouses, with values increasing by over 30 % since launch”, commented Michael Burgio.
That performance reinforces what we consistently see in emerging precincts. Where commercial demand strengthens, residential markets follow, and Frenchs Forest is now a clear example of that dynamic in action.”
The property is offered for sale via Expressions of Interest, closing Tuesday 24 February at 4:00pm (AEDT), unless sold prior.
For further information or access to the due diligence package, please contact the exclusive selling agents.
