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Investment Highlights

  • Land area approximately 543.8 square meters with notable street frontage along Grasmere Lane.
  • Close proximity to retail services at Neutral Bay, recreational spaces at Primrose Park, and Cammeray Golf Club.
  • Road connectivity via Military Road providing direct route to Sydney CBD approximately 5.5 kilometers away.
  • Coastal amenity within reach, including Balmoral Beach located approximately 3.5 kilometers from the site.

Executive Summary

50 Grasmere Lane presents a rare opportunity to acquire a DA-approved boutique development site in the highly sought-after suburb of Cremorne on Sydney’s Lower North Shore. This property comes with approval for a luxury residential building spanning five levels, featuring three spacious apartments designed to capture sweeping Middle Harbour views and a prized northerly aspect.
Designed by Floris Smith Architecture, the scheme includes premium apartment layouts tailored for affluent downsizers and luxury buyers. The approved plans call for 5 basement-level car spaces plus visitor parking, storage areas, and high-end design features such as large terraces and landscaped surroundings.
The site has over 15 meters of street frontage to Grasmere Lane, with additional frontage for access infrastructure. Given its position—just steps away from Neutral Bay’s retail amenities, transport hubs, and green spaces—future residents will enjoy a prime balance of convenience and lifestyle. Balmoral Beach lies only 3.5 km away, with Sydney CBD approximately 5.5 km. Surrounded by Blue Ribbon homes and elite schools, the development appeals to a strong local downsizer market while leveraging Cremorne's enduring prestige.

Property Facts

Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 0.13 AC

1 Lot Available

Lot

Lot Size 0.13 AC

50 Grasmere Lane has a 543.8 square meter land that is DA-approved for 3 apartment buildings to be built. The site measures approximately 543.8 square meters in land area and provides frontage of more than 15 meters along Grasmere Lane.

Description

The site measures approximately 543.8 square meters in land area and provides frontage of more than 15 meters along Grasmere Lane and limited frontage on Grasmere Road for services and stormwater discharge. The existing improvement is a federation-style residence containing multiple bedrooms, bathrooms, and parking spaces, utilized as a rental property generating interim income. The location provides convenient access to the Neutral Bay shopping precinct, Primrose Park, and Cammeray Golf Club. Transportation links along Military Road connect the property to Sydney’s central business district, situated approximately 5.5 kilometers away. Balmoral Beach is about 3.5 kilometers to the east. The surrounding area consists of established residential housing and educational facilities, creating a suburban environment adjacent to public transport routes and essential services.

  • Listing ID: 40475616

  • Date on Market: 5/11/2026

  • Last Updated:

  • Address: 50 Grasmere Lane, Cremorne, NSW 2090

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