32 Railway Parade

Mittagong NSW 2575

1125 m²

House

Currently for sale - view listing

Overview

Prime Childcare & Multi Dwelling Development Opportunity

Positioned in the heart of Mittagong, 32 Railway Parade presents an exceptional development opportunity with R3 Medium Density Residential zoning and DA approval for an 83-place childcare centre. Set on approximately 1,125sqm with a north-facing aspect, this rectangular level site 100m from the Mittagong station offers a central location and several potential development pathways. The approved childcare plans feature a two-storey centre with dedicated learning rooms, outdoor play spaces and basement parking for 24 vehicles. Beyond the approved childcare centre, the property has the potential for adding three townhouses while retaining the existing dwelling significantly increasing the development feasibility and suitability of the site for the multi dwelling options - subject to council approval. The existing, recently refurbished residence features three bedrooms, two bathrooms, an updated kitchen and a 13.7kW solar system, providing scope for occupation or rental income up to $850/week while future plans progress. A stone's throw to Mittagong railway station, and within walking distance to the town centre, local schools and shops, the property combines everyday convenience with broad appeal for developers, childcare operators and investors. Property Highlights: • Approximately 1,125sqm of level land with a north-facing aspect • R3 Medium Density Residential zoning • DA approval for an 83-place, two-storey childcare centre with 24 basement car spaces • Option to retain the home and add three, two-storey townhouses (STCA) • Potential for a boarding house or a co-living development (STCA) • Central Mittagong location close to the railway station, schools and shops Disclaimer: All information in this advertisement is provided in good faith and sourced from parties we believe to be reliable. However, we make no representation or warranty as to its accuracy or completeness. Prospective purchasers should conduct their own investigations and enquiries to verify any information of interest. All dimensions are approximate. Some images may have been digitally enhanced, staged, or styled and may not represent the property's actual appearance.