PRD Project Marketing are proud to be appointed as the Exclusive Agents for the sale of
20-28 Lethbridge Street, Penrith.
Approved for a six-storey residential flat building comprising 81 apartments with two basement levels, this shovel-ready project offers builder-developers a rare opportunity to deliver in one of Western Sydney's fastest growing centres. All development contributions have already been paid, the Construction Certificate has been issued, and the vendors are ready to meet the market at public auction.
Rarely does the market offer such a complete development package - eliminate planning risk, leverage pre-paid contributions, and capitalize on severe supply shortage conditions.
Site Details:
• 3137sqm consolidated site with 79.5m frontage
• Lot 1 DP 1255661 - clean title, ready to settle
• 81 apartments across 6 levels plus basement parking
• Mix: 11 x 1BR (56-57sqm), 61 x 2BR (75-82sqm), 9 x 3BR (109-112sqm)
Approvals Status:
• Development Consent DA15/1175 (June 2016)
• Construction Certificate CC19/0046 (March 2020)
• Design Verification Statement completed by registered architect
• All utilities connected and building-ready
Key Highlights:
• Scarcity: Shortage of Construction Certificate approved sites
• Timing: $595k+ development contributions already paid
• Strategic Location: Penrith CBD fringe with $3.7B infrastructure pipeline
• Market Fundamentals: 0.4% vacancy rate vs 3.0% healthy benchmark - severe undersupply
• Build-Ready: CC19/0046 approved March 2020, all utilities connected
• Premium Frontage: 79.5m Lethbridge Street frontage providing excellent marketing presence
• Proven Demand: Western Sydney facing 44% dwelling supply shortfall creating unprecedented opportunity
• Infrastructure Boom: Direct beneficiary of Western Sydney Airport, Metro Western Sydney and M12 Motorway
Perfect for: Established developers seeking construction-ready stock in high-growth Western Sydney market.
Auction onsite Wednesday 8th October at 12 noon unless sold beforehand.
The vendors have provided a full suite of plans & documents that can be made available on request.
Access to the PRD Data Room for 20-28 Lethbridge Street Penrith is available by invitation only.
To request access, please click the button in the webbook or email darren@prd.net.au below and submit your details. Approved parties will be provided with secure login credentials to review due diligence documentation.
DISCLAIMER
The information contained in this advertisement has been prepared by PRD Penrith Project Marketing Division based on available documentation including but not limited to: Construction Certificate CC19/0046 dated 20 March 2020, Development Application DA15/1175, Design Verification Statement dated 4 October 2019, architectural plans by Cissy Kang (NSWARB: 9723), Penrith City Council payment receipts dated 23 January 2020, and associated planning documents.
While every effort has been made to ensure accuracy, PRD Penrith Project Marketing Division, its directors, employees and related entities:
• Make no representation or warranty as to the accuracy, reliability or completeness of the information provided
• Accept no liability for any loss, damage or expense arising from reliance on this information
• Recommend all prospective purchasers conduct their own independent due diligence, investigations and enquiries
• Advise that all development approvals, construction certificates, planning permits and council requirements should be independently verified with relevant authorities
All interested parties must satisfy themselves as to the accuracy of all information before making any commitment to purchase. This advertisement does not constitute legal, financial or development advice.
