Positioned on a substantial c.559sqm parcel in one of Rose Bay's most desirable residential pockets, 2 Spencer Street presents a rare opportunity to secure a well-located home with significant future upside. The property is ideally sited to capitalise on recent LMR planning changes, offering exceptional scope for redevelopment or enhancement (STCA) in an area experiencing strong demand and limited supply. With its generous landholding, favourable positioning and proximity to village amenity, harbour foreshore and transport, this is a compelling opportunity for buyers and developers seeking long-term value in a tightly held Eastern Suburbs location.