Rarely do you have the opportunity to purchase 2 large blocks, side by side, so close to the Penrith CBD. Both blocks are on separate titles and both houses on each block are leased and showing good returns and due for increases. The 2 blocks have a combined size of 1644sqm with over 30 metres of street frontage. The blocks are zoned medium density residential 2C and, subject to council approval, should support a villa complex with loft designs, or, a multiple duplex site, or an over 55 ™s site. Keep in mind that the Penrith council are currently in the wings of change regarding the LEP with the view for higher density land zoning in closer to the CBD, so who knows exactly what you might be able to build on this land in the not to distant future. Call us to get your complete copies of the contract today.
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