29 Garrong Road Lakemba NSW

ANOTHER GREAT SOLD BY SUNNY LEE FROM CASTLEHAVEN REALTORS! Attention: astute family home buyers, savvy investors, developers, extended family home buyers, buyers looking for a property for a professional use ! This exceptional 1,037 m² Zone R3 Medium Density Residential property comprises two properties (27 Garrong Road and 29 Garrong Road), offering a superb opportunity for developers, professionals, savvy investors, and extended family home buyers! With the NSW Government's new housing rules poised to override existing council planning regulations, this combined property presents a rare opportunity rarely seen in this area. *** Inspection by appointment welcome! *** *** Inspection by appointment welcome! *** Features: • Total Land Area: 1,037 m² • Frontage: 20.726 meters • Depth: 50.292 meters • Good Rental Income: Generates a steady income stream while holding for future development • 27 Garrong Road: 3 bedroom, 2 bathroom on 505.9 m2 land – fully renovated solid brick home • 29 Garrong Road: 4 bedroom, 2 bathroom on 531.1 m2 of land – solid brick home • Both properties have huge level backyard with plenty of space for a granny flat (subject to council approval), ample parking and recreational space • Ideal For: Developers, extended families, savvy investors, professional use Location and Benefits: • Convenience: Short walk to Hampden Park Public School, St Therese Catholic Primary School, Lakemba train station, and the upcoming Metro station (opening in 2025) • Amenities: Close proximity to Woolworths, cafes, restaurants, popular clubs, and Parry Park, easy access to Canterbury Hospital, Belmore station, and Campsie Centre Key Opportunities: • Zoning Benefits: The R3 zoning aligns with the NSW Government's proposed new planning controls, allowing for the construction of low-rise terraces, townhouses, manor houses (two-storey apartment blocks), and six-storey mid-rise apartments in areas near railway stations and shopping centres. • Government Support for Development: More information available at (https://www.cbcity.nsw.gov.au/development/low-to-mid-rise-housing-changes) This is a rare chance to secure a prime piece of Lakemba real estate with exceptional potential for various uses. Don't miss out on this outstanding opportunity! For more information or to arrange an inspection, please contact: Sunny Lee on 0424 273 283 or email sunny@castlehaven.com.au today! Features Air Conditioning Built-ins Close to Schools Close to Shops Close to Transport More Details