Set on a 442 square metre block with dual access from both Glenmore Road and White Lane, this generous parcel of land offers an opportunity to secure a land holding in the bustling Five Ways precinct. 

Featuring three residential apartments, three lock-up garages with rear lane access, separate storage areas and the benefit of income from two established commercial tenants, this opportunity is wonderfully versatile.   

"This is a unique piece of real estate, in the heart of Paddington, it's a once-in-a-lifetime opportunity because its the first time its been offered in over 60 years," James Agostini of Laing+Simmons told WILLIAMS MEDIA.  

"This is a prime, trophy piece of land. Where do you find something else like this in Paddington today?" James said.

Offering up a range of development potential (subject to council approval), with a recently lapsed development approval for 14 residences, two shops, three garages and extra storage, there are an array of options to suit astute buyers or savvy investors. 

"This is certainly a once-in-a-generation opportunity to secure one of the most sought after land holdings in the heart of Five Ways, Paddington. With land values in the inner city of Sydney continuing to rise, one can only imagine what a holding of this size and location will be worth in the next ten, twenty and more years to come," James said.

The property currently features three bedroom and one bedroom apartments above the shops, as well as a ground floor studio apartment at the rear and a large, sunny internal courtyard and garden. 

With public transport right on your doorstep, the CBD and beaches are only minutes away. Footsteps from vibrant coffee shops, restaurants, boutiques and adjacent to the historic Royal Hotel.

See more of 239-241 Glenmore Road Paddington NSW 2021, including additional photos, floorplan and location map, on Luxury List.

To arrange an inspection or inquire about a price guide phone or email James Agostini of Laing+Simmons.

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