2 Lots, side-by-side, and a house on each with a combined area of approximately 1182 sqm’s and 24.38 m’s of street frontage with a Medium Density Residential 2(D) zoning. Based on other recent development sites in the area, with the same land zoning, development possibilities could include a block of approximately 14 units subject to council approval. Great location within walking distance shops, schools, both Penrith & Kingswood railway stations, Nepean Hospital, Penrith CBD and Governor Phillip Nursing home with regular bus services to bus stops nearby. Both houses are currently leased and returning a combined rent of $610 per week. With plenty of investors buying in Penrith, government incentives for all buyers when purchasing a new build with extra incentives to purchase prior to construction commencing, and no new units currently for sale in Penrith, there is no better time to get a development under way. Call Richard or Andrea for more details.