New Mosman “mega lot” hits the market with scope for six to eight-storey apartments.
Another ‘mega lot” on Awaba St, Mosman, has hit the market with a price guide of $20 million.
By ANNA USHER
Two Mosman homes between the village and Balmoral are being bundled for sale as a 1,242 sqm development site under the NSW Low and Medium Rise housing reforms.
The “mega lot”, at 38 and 40 Awaba St, has hit the market as a single development site just 400 metres from Mosman village and a short walk to Balmoral Beach.
Numbers 38 and 40 Awaba St have been amalgamated to form a 1,242sqm block.
Marketed under the project name “Awaba”, the dual-title holding sits on 1,242 sqm of R3-zoned land with a 29.2 metre frontage, near the crest of Awaba St and Spit Rd.
Mosman Collective understands the price guide is around $20 million. One of the properties, number 38, is listed as a deceased estate.
According to sale documents, the site benefits from new LMR housing reforms, meaning it is potentially eligible for a floor space ratio (FSR) of 2.2:1 and a 22-metre height limit – enough for an apartment building of up to six storeys, subject to planning approval.
40 Awaba St, Mosman has an area of 628.3sqm.
Get The Latest News!
Don’t miss our top stories delivered FREE each Friday.
With the inclusion of affordable housing, that height could increase to 28 metres (eight storeys) under the state’s uplift incentives.
Preliminary concept work by Corben Architects included in the information memorandum shows a six-storey building over basement parking, with an indicative gross floor area of about 2,732 sqm and upper levels capturing district and Middle Harbour views.
The campaign is being run by agents Stanton Hillier Parker as an Expressions of Interest sale, closing at 4:00 pm on Wednesday 3 December 2025.
38 Awaba St is a deceased estate, sitting on 613.7sqm.
If sold, the site would create a second major development on Awaba St, located just a short walk from the beach and Bridgepoint.
At this stage, no development application has been lodged, with any future proposal to be submitted either with Mosman Council under the LMR rules, or via state-led pathways if the project meets higher thresholds.
Mosman Collective will continue to follow this story – and the broader roll-out of NSW housing reforms across the lower north shore – as this latest “mega lot” awaits a buyer.
An artists impression of what a new, six-storey development could look like.
Gross floor area in a new development on the site could be 2,732sqm.
Catch up on our recent amalgamation stories below:
1-3 Moruben Rd, HERE
65 Muston St, HERE
144-148 Cowles Rd, HERE
11-23 Rangers Ave, HERE
25-31 Bond St, HERE
40-48 Redan St, HERE
GOT A NEWS TIP? GET IN TOUCH!
Email: [email protected]
MOST POPULAR STORIES
A new marine club is providing local boat owners with serious savings on fuel, servicing, antifouling, training and more.
Local kids are urged to get their letters to Santa posted, so they can reach the North Pole before Christmas.
One of Mosman’s most successful sons is coming home – and he’s bringing his $100 million cult food chain with him.
A row of century-old Neutral Bay terraces could soon be bulldozed to make way for an eight-storey apartment block.
Get The Latest News!
Don’t miss our top stories delivered FREE each Friday.
