384 New South Head Road, Double Bay, NSW, 2028

JLL together with IB Property are proud to present 384 New South Head Road, Double Bay for sale by Expressions of Interest closing 4pm (AEDT) 27th August 2026.

This offering represents a rare opportunity to acquire a freehold site in one of Sydney's most tightly held precincts. Perfectly positioned within Double Bay Village, this landmark corner property offers exceptional flexibility for incoming purchasers with strong development potential, rental reversion opportunity, or owner-occupier appeal.

Rare Blue Chip Land Holding – Located in the heart of Double Bay Village, one of Sydney's most iconic dining, shopping and luxury precincts

Previous DA Approval for Commercial Development – DA 243/2020 was approved in March 2021 for demolition and construction of a new four-storey commercial building with 882.2 sqm GFA. Approval lapsed March 2026.

Significant Development Potential – Favourable E1 Local Centre zoning with 2.5:1 FSR allowing for 900 sqm potential maximum GFA, well above the existing NLA of 412.5 sqm

Strong Rental Reversion Potential – Current passing income of $867 per sqm p.a. sits well below market rates providing opportunity for substantial rental uplift

Landmark Corner Position – Located on the corner of Knox Street and New South Head Road with 20 metres of frontage, gaining massive exposure to thousands of passing cars daily

Dual Access Points – Front access via New South Head Road and convenient rear lane access via Knox Lane

Ultimate Flexibility – Current tenancy lease expires November 2026, providing incoming buyers flexibility to redevelop, occupy or re-lease.

Highly Accessible Location – Short walk to Double Bay Ferry Wharf (240m) and Edgecliff Train Station (750m) providing superb accessibility to Sydney CBD and surrounding area

Established Retail and Shopping Precinct – Surrounded by luxury shopping, dining, cafes, and iconic venues including The Golden Sheaf, Royal Oak Hotel, Indigo, and Margaret

The property is being offered for sale by way of expressions of interest closing 27th August 2026 at 4pm AEDT.

All enquiries, information requests, inspection arrangements and lodgement of offers are to be directed to the exclusive selling agents.

Remember to mention you found this property on CommercialReady