Potential development site!
Discover a unique investment opportunity in the heart of Penrith! This remarkable 1220m² approx development site features a generous 22m frontage and comes complete with a charming 3 bedroom house. With an R4 zoning, this property offers both immediate accommodation and significant development potential.
Property Features:
Land Size: 1220m² approx
Frontage: 22 meters approx
Zoning: R4 - High-Density Residential
Existing 3 Bedroom House
Versatile Options for Development
Prime Location in Penrith
The Existing House:
The property includes a 3 bedroom house that can be utilized as-is or considered as a renovation or extension project. Whether you plan to live in it, rent it out, or explore the possibilities of transforming it into something special, the existing house adds extra value to this development site.
Development Potential:
With R4 zoning, the development potential is truly exciting. You could explore various development options, such as:
Multi-Unit Dwellings: Create a contemporary apartment complex or townhouse development to cater to the increasing demand for high-quality housing in Penrith.
Mixed-Use Development: Combine residential and commercial spaces to craft a thriving community hub, appealing to residents and businesses alike.
Location Advantages:
This property is strategically located, offering numerous benefits:
Proximity to shopping centers, dining options, and entertainment venues.
Excellent access to public transportation, including trains and buses, simplifying residents' commutes.
Nearby educational facilities, healthcare services, and recreational amenities enhance the overall quality of life.
Seize this fantastic opportunity to realise your vision in Penrith's thriving real estate market. Whether you're an experienced developer, an investor, or someone looking for a comfortable family home with development potential, this property with a 22m frontage and R4 zoning is your key to success.
For detailed information on building regulations, permits, and other zoning-related queries, we recommend contacting Penrith City Council or your preferred local real estate agent.
Contact us today to arrange a site visit and uncover the immense potential of this development site with an existing 3 bedroom house. Your next venture starts here – don't let it slip away!
For more information or to arrange a viewing, please contact Matthew Hall on 0412582285. Act quickly, as Development opportunities like this don't stay on the market for long!
Disclaimer: While we have been provided with the above inclusions and information, Elders Real Estate Penrith/Wallacia gives no guarantees regarding the accuracy or up-to-date nature of the details at hand. All interested parties are encouraged to make their own independent enquiries in order to confirm whether the information is accurate.