R4 Zoned High Density Development Site
2 adjoining houses in one of Penrith's most active residential streets that is fast becoming a thriving medical precinct.
The property has a wide frontage of over 30m & is postioned only 300m from the Hospital.
The first Stage of the $1 billion upgrade to Nepean Hospital is complete showing the investment from Government in the area.
Private sector investment is in full swing with numerous Private Hospitals, Medical Centres & Specialist Clinics popping up in every street surrounding this huge employment driver.
Golden rules of development are buy where there is infrastructure expenditure, job creation & population growth.
We doubt you could find a property anywhere that comes close to scoring the highest possible points for meeting the above criteria.
Ideal size to build to rent. Holding income while you design your building.
• R4 Zoned High Density Development Site• 1606sqm with 32m frontage - approx• Ideal for boutique high density residential development• Surrounded by medical practitioneers & only 300m to the Nepean Hospital• 2 existing houses providing rental return• Range of permissible uses• Total area 1606sqm• Lots 31 & 32• Section 22 in DP2296• Frontage 33.528m• Depth 46.857m• Zoning R4 High Density Residential• Height limit 18m• Identified as not being effected by Council's flood policy
