LOCATION: The subject site is strategically located within walking distance to the Blacktown CBD and the Railway Station. It has a wide frontage to both Second Avenue and Boys Avenue and is close to the Blacktown RSL and shopping precinct.

LAND AREA: 997sqm approximately of level vacant site are.

ZONING: 3(b) Special Business. Residential high rise development is permitted subject to council approval.

DEVELOPMENT STATUS: The subject site is offered as a raw development site on an unapproved basis.

The history of the subject site was that it had been previously DA approved for a multi storey high rise apartment development for 115 apartments, which has since lapsed. This approval was based on and included the adjoining lot, i.e 26 Second Avenue which on a combined basis had a land area of just under 2,000sqm. The subject site is now being offered for Auction independently of 26 Second Avenue and as such represents approx. 50% of the land area under which the initial DA approval was obtained. It would therefore be reasonable to assume that an apartment yield equivalent to 50% of the approved yield could be achieved for the subject site.

It should be noted that there is a DA presently lodged on 29-31 Second Avenue for 170 apartments which has a land area of 2000sqm approx.

AUCTION DETAILS: 6.30pm on the 26 May, 2010 unless sold beforehand. “Orana Room”, Blacktown RSL, Second Avenue, Blacktown.

GENERAL COMMENTS: Rare opportunity to acquire a prime corner lot within walking distance to the Blacktown CBD and Railway Station. The subject site lends itself for a smart boutique apartment development. The vendor is committed to selling the site and is prepared to meet the market.

For additional information contact David Harvie by email on dharvie.parramatta@ljh.com.au or by phone on 0413 871 620.

( LJ Hooker Parramatta provides no guarantee for the accuracy of this information and intending purchasers should rely on their own enquiries)