5 Wayman Place

Merrylands NSW 2160

506 m²

House

Currently for sale - view listing

Overview

PRIME POSITION OPPORTUNITY WITH DA APPROVAL

This property presents a rare opportunity to secure a development site with completed DA and CC1 (With council contributions paid in full) - Construction Certificate approvals for a 39-room new generation boarding house (NGBH). Located in the established suburb of Merrylands, this property offers a clear and efficient pathway for a purchaser to move forward with the approved development, subject to their own requirements and due diligence. The site currently offers a four bedroom home, returning approximately $850 per week in rental income. This provides a practical holding income while plans ae finalized allowing flexibility to wither continue leasing the property in its current form or progress toward development. Well positioned withing close reach of local amenities, transport options and key employment hubs across Wester Sydney and greater Sydney, the property benefits from strong underlying demand fundamentals. The approved NGBH scheme represents significant opportunity to add value and capitalize on the growing need for well located, higher density accommodation in the area.