Opportunities like this don’t come around every day! This council approved development site will allow you to construct 16 townhouses!
With Penrith Council’s recent changes to development requirements for R3 & R4 zoning’s, buying a DA approved development is GREAT VALUE FOR MONEY!!
Potential to buy side by side blocks of land, both with a house + granny flat offering a total rent return of $1,150.00 per week with all tenants happy to stay!
LAND INFORMATION ON BOTH BLOCKS:
- 2189 sqm of land
- 31 metres frontage
- 70 metres in depth
- Zoned R3 medium density
- Consists of 16x 3 bedroom townhouses with basement parking
- Double car spaces for each townhouse
- Ensuite to main bedrooms
- DA costs including consultants have been paid, only construction certificate required.
Oxley Park adjoins St Marys which is currently experiencing an infrastructure change due to the Western Airport construction. St Marys freight hub has been approved and construction is about to commence on the first stage. Upgrades to motorways and a $1 billion Nepean Hospital redevelopment are also in the works.
For further details please contact Peter Diamantidis on 0404 051 702
|R&H Suburb Summary||Houses|
|Number of sales||18|
|Median Rental Price||$395 p.w.|
|Change in Rental Rate (5yr)||-1 %|
|R&H Suburb Summary||Units|
|Number of sales||41|
|Median Rental Price||$400 p.w.|
|Change in Rental Rate (5yr)||5 %|