91 Second Avenue Kingswood, is proudly presented by Rafael Posadas from Ray White Narrabeen.

Prime Development Opportunity (subject to council approval), this 3 bedroom home with study is zoned R3 medium density residential. The property has been approved for a 19 room boarding house by Penrith Council. Perfectly positioned between Western Sydney TAFE and Western Sydney University, the opportunities are endless.

- 3 bed with study and carport
- R3 medium density residential zoning
- 797m2 land area
- Western Sydney TAFE less than 100 meters away
- Western Sydney University less than 500 meters away
- Primary School and Parkland’s facilities are 700 meters away
- Shops and Supermarket are 800 meters away
- Kingswood train station 1.7 km away
- Approved Development Application for a 19 room Boarding House

You may also qualify for a $190,000 ($10,000 per room) grant to assist with the construction of the boarding house under the NSW Government ‘Boarding House Financial Assistance Program’ (subject to application)

Projected Rental Return – $266,760 per annum (based on weekly rent of $270 per week per room)

Development Application (approved) lodged with Penrith Council – DA17/0983

AUCTION – Saturday 23rd June, 2018 2pm on-site

This is truly a great opportunity not to be missed

Please call me directly on 0433 777 941 for more information

Rafael Posadas

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