Site area - 1397sqm (approx.)
Frontage - 27.74m
Height Limit - 15m
Zoning - R4 High Density Residential.
This is the ideal site to build that special boutique building that our market is demanding.
There is plenty of talk about the supply of units in the Sydney market. Whatever your opinion in this area, there is one thing everyone is forgetting.
No one is building apartments in the Penrith area that are designed for owner occupiers and even more importantly down sizers. With an ageing population demanding suitable housing options there is a wealthy niche market that most architects and builders are missing the boat on.
This site is the ideal size to reconsider designing purely on yield and listen to the markets needs and build something that will appeal to wider marketplace.
The reduced height limit has two direct impacts. Obviously it impacts on yield, which in turn could mean that you will only need to build a single basement car park. In fact our land gradient (which slopes back towards the street) should also help with excavation due to the fact that it is so high above the street.
The location is in a peaceful residential environment, with exceptional views towards the Mountains and with a direct Northerly aspect.
You simply won't find a better site in the area. Our owners have bought elsewhere with a delayed settlement and would consider longer settlement terms if your price reflects the delay.
Expressions of interest close Wednesday 17th May at 5pm.
Submissions must be made in writing via email darren@prd.net.au or in person to 379 High Street Penrith.
For Information Memorandum and submission documents contact Darren Latty 0414 620 532 or email darren@prd.net.au
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