A mysterious sliver of land on the side of a road populated by multimillion-dollar properties has hit the market in Sydney’s lower north shore.
Nestled in one of the city’s most sought-after pockets, the tiny corner block measures just 221 square metres. Records reveal it is the site of a former Ausgrid property.
The patch of land is one of a string of former substation sites owned by the electricity company that have hit the market over the past year.
However, what a buyer could actually do with the land isn’t straightforward.
The block is zoned R4 High Density Residential, but its compact size and the existing electrical kiosk could make transforming the site a challenge.
The listing, through Belle Property Hunters Hill, describes the block as a unique opportunity for an “astute buyer who can recognise potential”, subject to council approval.
“The prominent corner position provides excellent exposure, while the site’s compact footprint calls for an innovative approach and a buyer with the vision to think outside the box.”
Nine.com.au contacted selling agent Joshua Jarvis for comment.
In the past, similar postage-stamp-like plots have drawn in some unusual planning proposals.
A triangular patch of grass measuring just 35 square metres in the nearby suburb of Neutral Bay sold for $189,000 last year, more than triple its $60,000 guide.
83 High Street, North Sydney NSW 2060
Plans submitted to North Sydney Council proposed to transform the former Ausgrid site into a tiny takeaway coffee kiosk, complete with an 11.5-square-metre building.
Other former electricity sites have had interest from neighbouring homeowners who were looking to add land to their property for parking space, landscaping or extensions.
The North Sydney block is scheduled to go under the hammer on December 2, with the price guide yet to be revealed.
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The owner of the tiny block that tripled its price guide expectations has unveiled their plans.
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