Auction: 13th April 2021 at Auction Works Mezzanine Level, 50 Margaret Street Sydney, NSW, 2000 - Belle Property are delighted to offer this prime development site in the heart of Penrith CBD. The site has an area of 1,113sqm with potential developable area of up to six levels. This represents an exclusive opportunity to acquire one of the few available raw sites adjacent to local shopping, rail, schooling, parks and transportation amenities. Features: – Three homes sold subject to existing tenancies – 10 Rodley St comprises 2x freestanding villas (leased) – 12 Rodley St comprises a freestanding home (leased) – R4 High Density Zoning in the heart of Penrith CBD – Height limit of 18 metres (6 levels), No FSR control – Prime CBD location, walk to Westfields and train station – 30.48m frontage to Rodley Street, large 1113sqm land allotment – Variety of allowable uses including residential flat buildings – High resale demand, established amenities – Current holding income $37,500/annum approx - Penrith LEP 2010 - R4 High Density Uses (subject to council approval) Boarding houses; Building identification signs; Business identification signs; Car parks; Centre-based child care facilities; Community facilities; Emergency services facilities; Environmental protection works; Exhibition homes; Exhibition villages; Flood mitigation works; Home-based child care; Home businesses; Information and education facilities; Neighbourhood shops; Oyster aquaculture; Places of public worship; Recreation areas; Recreation facilities (indoor); Residential accommodation; Respite day care centres; Roads; Shop top housing