Auction 1st April 2023, 10am On-Site

R4 zoned as high density residential living, ideal for a small block of units up to 12m high or a boarding house (STCA) - the opportunities are endless.

Penrith needs more rental property supply, you can be the developer to bring that supply to potential tenants, with a great rental return.

Penrith family buyers and investors looking for land, to build a dual occupancy residence (STCA) will be very attracted to the size, scope and location offered by this well-appointed spacious block of land located in the heart of Penrith.

- 3 bed home tenanted at $500 pw, great rental return while a DA goes through Council
- A developers delight, perfect rectangular size for maximum efficiency, set on 814 sqm of land and 20.7m street frontage.
- Garden shed, lock-up garage and covered decking and patio out the back
- Multiple living areas, internal laundry with separate toilet
- Located within a 1.5km radius of St Dominics College, Nepean Hospital, Penrith station and Westfield.

By 2026 we have the St Mary's metro train line (8km away), 2nd airport (22km away).

By 2031 we are expecting 40,000 new jobs and the population of Penrith to double, presenting an excellent investment opportunity.

Close to Greenwood Childcare Centre, Nepean Village, Western Sydney University and the picturesque Blue Mountains.

Outgoings:
Water Rates: $160 p/q approx.
Council Rates: $420 p/q approx.