This prime piece of Penrith real estate is Approx 700sqm’s and will soon be re-zoned to the new R4 high density with a maximum development building height of 18m’s. Currently apartment blocks in this area can only go up 2 storeys with possibly a smaller 3rd floor incorporated in the roof space. But the new R4 should allow for 5, if not 6 storey apartments to be developed which makes this property the number one real estate investment in the area. But in the short term this property offers huge potential just as it is. With a driveway leading to a rear carpark this property is perfect for many home businesses just like the current owner who is running a thriving Beauty Salon but wishes to retire. Or you might want to build a granny flat to the rear, there might even be room for Duplex to the rear S.T.C.A. The house itself has 2 beautifully renovated ensuites and being within walking distance to the CBD and Nepean Hospital, and bus stop to your door, tenants will never be hard to find.

All information contained herein is gathered from sources we believe to be reliable. We cannot however guarantee its accuracy and interested parties should make and rely on their own enquiries.