25-31 Hope Street, Penrith
SOLD!!!! House - Property ID: 821098
This R4 site is approximately 2428sqm's large and perfectly located in a quiet street within a short stroll from everything the CBD of Penrith has to offer including Penrith Station, the Shopping precinct, and Nepean Hospital which is less than 200m's up the end of the street.
The owners have already lodged the DA with council for a stunningly designed 66 unit complex. The plans consist of 53 genuine two bedroom designs with a further 9 one bedroom plus study apartments (which would sell closer to 2 bedroom sale prices than 1 bedroom sale prices), and 4 three bedroom apartments.
The property can be purchased subject to the DA approval and the architect working on this site is Peter Morson who had prior pre-lodgement meetings with council regarding this site and is more than happy to discuss the plans and DA with any potential buyers.
Currently there are 4 houses on the site which are being leased and supplying rental income of approximately $1,600 per week until development starts.
Contact Richard on 0409551803 to express your interest.
Please note: the agent declares an interest in one of the blocks .
All information contained herein is gathered from sources we believe to be reliable. We cannot however guarantee its accuracy and interested parties should make and rely on their own enquiries.