A Sydney developer has lodged plans with Mosman Council to demolish a grand Federation home and pave the way for a multi-million-dollar townhouse project.
The existing six-bedroom home at 12 Oswald St was built 120 years ago and sits on a corner block of 965.8 square metres at the intersection of Rangers Ave.
The home at 12 Oswald St has marble fireplaces, high ceilings and headlight windows.
If approved, the stately property with original fireplaces, high ceilings, a marble foyer and leadlight windows will be replaced by four separate dwellings over two levels with nine parking spaces.
The new build, estimated to cost $3,674,640, has been submitted on behalf of AU Fountain Pty Ltd, a company based in Chatswood.
“The site is located within a residential locality that is made up mostly of detached and semi-detached dwellings,” a Design Verification Statement says.
If approved, four townhouses fronting Rangers Ave will replace the 120 year old residence.
“With easy access to numerous schools, parks, sporting facilities and work areas, the locality is very attractive to couples, established families, empty nesters and downsizers.
“The site is close to Military Road that has a full range of services including supermarkets, shops, restaurants etc. Military Road also offers excellent public transport connections to North Sydney, Sydney CBD, Chatswood and beyond.
“The proposal can be defined as a ‘Multi-dwelling housing’ which is a use permitted within the R3 zone.”
The existing home boasts six bedrooms, five bathrooms and a stunning unground pool.
Records show that 12 Oswald St was sold in November last year for $5.612 million.
“The solid, double brick home was built in 1913 and also encompasses a sympathetic and sensitively designed extension by award winning architect Luisa Manfredini that caters for contemporary family living,” the real estate listing said.