SOLD

PRD Commercial Greater Western Sydney were appointed exclusive marketing agents to offer a key B4 Zoned CBD development site with holding income.

We are delighted to announce the successful sale of the property under the hammer at Public Auction.

This was unquestionably one of the most interesting development sites to be offered for sale in the Penrith area this year.

Spanning approximately 1,672sqm, the offering is zoned B4 Mixed Use with a 24m height limit & an FSR of 3.5:1.

Potential Gross Floor Area (GFA) for your new development could be as much as 5,852sqm

The site is currently leased as a car yard with a modest building & large hard stand area. It has a wide frontage to Henry Street & slopes gently back towards the road.

DESCRIPTION:
- Prime CBD development site with rental income ($52,000 pa)
- Clearly defined FSR & height limit
- Ideal for boutique apartment complex with luxury retail offering on the ground floor
- High growth area with significant development planned for adjoining properties

AUCTION DETAILS
Wednesday 14th December 2022 at 1pm.

PRD House - 1/27 Lawson Street, Penrith

Note: We will also be streaming the auction online via the AuctionNOW platform.

To request a copy of the Contract For Sale please contact PRD Commercial Greater Western Sydney team.

Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST.