This R3 zoned block of approx. 620sqm is located next to a stormwater drainage easement which is essential to any development on this block or any adjoining blocks.
Astute developers know the value of such a feature, making this location a premier opportunity!
The current owner has a lapsed DA for 14 townhouses on this block and two adjoining blocks in Asquith Street. This may mean a high possibility of another DA being granted.
Currently on the block there is a large three bedroom home and a granny flat that is currently leased out. The current owner may also be willing to temporarily rent back the home.
This locality is close to the M4 and only a short drive to Auburn station and Parramatta, and with the rate of redevelopment is becoming more sought after by home owners who appreciate its convenience.