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Outstanding opportunity to acquire an R4 site perfectly located in quite street of Penrith CBD within walking distance Nepean District Hospital, Penrith Academic Selective School and Western Sydney University, Train stations and Public transport. Also near Main street of Penrith which has an abundance of cafes, restaurants and shopping opportunities.
The properties are to be sold in one line.
ZONING/DEVELOPMENT HIGHLIGHTS:
Zoned R4 High Density Residential(Unit development site)
18m Building Height Limit
Blocks Falls to the Road
Frontage : 45.72m
Total land area : 1896m2
If ease of construction is important then this regular shaped block is an uncomplicated build with fall to the street, minimal easements and plenty of street frontage to access site.
Currently there are three houses on this site which would supply a rental income of approximately $1350 per week reducing holding cost until the development starts.