DA Approved Retirement Village
29-Unit Independent Living Development
Here's a rare chance to buy a ready-to-go retirement village development site in Western Sydney, one of the fastest-growing areas of Sydney.
The site is approved for 29 independent living units, perfect for seniors who want a secure, low-maintenance home while staying part of a local community.
Because the Development Approval is already in place, construction can start as soon as a Construction Certificate is issued.
TOTAL SITE
99 & 101 Lock St & 53 Pendant St = Over 3000m2
EACH LOT
99 Lock St = 910.5m2 (frontage 13.715m)
101 Lock St = 1492m2 (frontage 14.66m)
53 Pendant St = 613.4m2 (frontage 15.24m)
This opportunity is ideal for:
· Retirement village operators looking to expand
· Property developers experienced in medium-density or seniors housing
· Community housing providers
· Investors looking for exposure to the growing retirement living sector
Key Highlights
· DA approval for a 29-unit retirement village. Can easily be modified to 31-unit.
· Strong demand from downsizers and older residents in Western Sydney
· Can operate under a 99-year lease or licence model
· Attractive potential for upfront ingoing contributions
· Close to hospitals, shops, public transport, and community facilities
· Catchment population of 65+ years is growing rapidly
The property is ready for a boutique retirement village.
It's designed for seniors who want independent living, but with access to communal spaces and support services.
Approved features include:
· 29 units (mix of studios, one-bedrooms, and two-bedrooms)
· Communal amenities and landscaped gardens
· On-site resident parking
· Accessibility-compliant design
This development ticks all the boxes for modern retirement living, meeting NSW planning and seniors housing requirements.
Location
The site is in Blacktown, right in the heart of a growth corridor in Western Sydney.
Residents will have easy access to:
· Hospitals and medical centres
· Shopping centres and retail precincts
· Public transport and main roads
· Parks, community spaces, and recreational facilities
It's a location that balances convenience with community, perfect for seniors who want to downsize without leaving the area they know.
Market Opportunity
Why this works for investors and operators:
· Australia's 65+ population is growing rapidly, especially in Western Sydney
· Many homeowners want to downsize from larger homes but stay local
· There is a limited supply of new retirement villages, so demand outstrips supply
· Independent living options are increasingly popular because they offer freedom and community
How Retirement Villages Work
Incoming Contributions: Residents pay an upfront amount to secure a lease or licence for their home.
Monthly Levies: Cover things like:
· Village management
· Maintenance and landscaping
· Insurance
· Utilities and shared services
Deferred Management Fee (DMF): When a resident leaves, the operator receives a fee based on length of stay-providing long-term income for operators.
Planning & Approvals
The site comes with a Development Approval already in place, meaning less risk for buyers.
Key frameworks include:
· Retirement Villages Act 1999 (NSW) – governs operations and contracts
· Environmental Planning & Assessment Act 1979 (NSW) – planning and development rules
· Blacktown City Council consent
Buyers should still do their own due diligence, particularly around conditions of consent.
This is a DA-approved development site, ready for the next buyer to bring it to life.
Qualified buyers will have access to:
· Development consent (DA)
· Architectural drawings
· Planning reports
· Survey plans
· Title search and ownership details
A data room may be set up for serious buyers.
Who Will Be Interested?
· Retirement Village Operators: Expanding in Western Sydney
· Developers: Experienced in seniors or medium-density housing
· Community Housing Providers: Not-for-profit operators
· Private Investors: Looking for retirement living exposure
Why This Opportunity is Valuable
· Development approval already in place – minimal planning risk
· Strong demographic demand for retirement living
· Boutique village scale – manageable and desirable
· Proven business model for retirement villages
· Potential to stage construction to suit cash flow or market conditions
This site is a ready-to-go retirement village project in a high-growth area with strong fundamentals.
Disclaimer: We have been furnished with the above information, however, Laing + Simmons - Blacktown Property Agents gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.
