Palm Beach’s kiosk and the adjoining two shop fronts are set to be developed into a mix of luxury apartments, retail and commercial suites now that the site is up for sale.
Listed with hopes of about $3 million, the 1362 square metre hillside site adjoins Barrenjoey House and comes with DA-approved plans drawn up by architect Dr Stephen Lesiuk.
The 36-metre frontage has views over Pittwater to Great Mackerel Beach and is currently owned by Athens-based building materials supplier Taso Anastasopoulos.
On the approved plans are six commercial suites, a kiosk, five apartments and basement parking for 22 cars.
The apartments are all three-bedders and are designed with open-plan living areas with wide verandas overlooking Pittwater. These have an anticipated price of more than $2.2 million and the penthouse more than $3 million.
Agent Michael King, of McGrath Palm Beach (currently a tenant on the site), says locals have already expressed an interest in the apartments given a lack of downsizer options in the area.
“There are plenty of locals who are looking at the access issues to their houses and the maintenance of these big, garden blocks, and there’s nothing like this around here that would cater to them,” Mr King said.
The development approval process for the site has been a protracted process since 2004 when Lesiuk Architects first lodged plans for a mixed residential and commercial use of the site.
Objections from locals and the Palm Beach and Whale Beach Association were based on the need for parking and the scale of the development.
The original release of this article first appeared on the website of Hangzhou Night Net.