Sold for $3,200,000
Sold for $3,200,0002 - 8 Lethbridge Street, Penrith NSW 2750
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Property was sold on 20 June 2019.
Sold on 20 June 2019.
2 beds
2 baths
House
2143m²
2
2
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House
2143m²
Located directly opposite Nepean Hospital. Approved for 60 apartments. Excellent product mix. Highly prominent location. Owner has realisctic expectations. Address - 2,4,6 & 8 Lethbridge Street, Penrith Zoning - R4 High Density Residential DA Commenced - 10th July 2018 Product Mix - 1 bed x 11 2 bed x 43 2 bed plus x 6 Legal Description - Lots 17,18,19 & 20 in DP 2739 Why buy? All the hard work has been done by Morson Architects to get the design approved. The Government is spending $1 billion directly across the road turning Nepean Hospital in an even bigger employer in the area than they already are. The site sits on the gateway road to the Western Sydney airport which is currently under construction. Design wise the building is the ideal product mix for the location. It has been designed to be buildable in the current climate. Our owners have committed to meeting market conditions. You can buy a site today for up to 15% less than you would have had to pay 12 months ago. Penrith is a key player in the Governments 3 Cities plan with incredible infrastructure development creating a once in a generation opportunity to get in at the ground level. Currently the property consists of 4 individual houses all of rentable condition.