Bankstown 4.9mil
Development Site
Rare opportunity to secure a large 8593smq development site currently seeking approval for 100 apartments in a staged development of 4 individual lots. Alternately, the opportunity is available to purchase subject to D.A. approval the whole site or an individual block from the following:
Block A 14 x 2Br
8 x 3Br
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Total 22 Apartments
Lot 4 Area 2003sqm
Price $1.650000
Block B 14 x 2Br
4 x 3Br
8 x 1Br
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Total 26 Apartments
Lot 3 Area 1610sqm
Price $1.950000
Block C and D 26 x 2Br
8 x 3Br
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Total 34 Apartments
Lot 2 Area 2940sqm
Price $2.550000
Block E 17 x 3Br
1 x 2Br
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Total 18 Apartments
Lot 1 Area 2040sqm
Price $1.350000
This rare offering is situated in an elevated position with extensive district views. The land is sloping to the rear with access to sewer and stormwater connections and allows for minimal excavation and reduced construction costs.
Centrally located, this site is approximately 1km to Yagoona and Bankstown Railway Stations, Centro and Old Town Centre shopping centres, Hoyts Entertainment Centre, numerous cafes and restaurants and all Bankstown City CBD amenities.
Bankstown is experiencing a huge shortage of new apartments, with a growing population and a strong demand for rental accommodation.
Contact Joseph for your detailed Information Memorandum.