Outstanding opportunity to purchase three properties in one line allowing for 6 storey unit development in the best of locations available within Penrith CBD close to schools, university, hospital and main street retail.

ZONING / DEVELOPMENT HIGHLIGHTS:

* Zone R4 high density residential
* 18 metre building height limit
* Road frontage of 49.178 metres
* Total land area of 1625 sq.m

LOCATION INFORMATION:

Terrific lifestyle location only a moments walk (190metres) from High Street, Penrith and its abundance of cafes, restaurants and retail.

* 600 m to Penrith Selective High School
* 1.1 km to Westfield, 190 m to High St
* 1.1 km to Penrith Railway Station
* 1.3 km to Nepean District Hospital
* 2.8 km to Western Sydney University

PROPERTY HIGHLIGHTS:

Three existing dwellings with current rental income of $1020 per week; market rent potential of approx. $1400 per week to contribute to holding costs during development planning.