Sold for $2,300,000
Sold for $2,300,00026 Paskin Street & 23 Second Avenue, Kingswood NSW 2747
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Property was sold on 8 September 2023.
Sold on 8 September 2023.
1 bed
1 bath
1 car
House
2024m²
1
1
1
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House
2024m²
• DA Approved to build 5 townhouses & 3 torrens title house & land packages • 2 approvals. 1 for a 4 lot subdivision. The other for 5 townhouses • CDC Plans for 3 houses to go on the remaining residential lots • Some Council fee's & bonds are already paid • Townhouses will overlook the adjoining parkland • Homes are freestanding with private yards & individual driveways • Site has been cleared ready for construction • High demand area, surrounded by large scale Government & Private investment • Extremely low vacancy rates are leading to ever increasing rent returns • 450m to Western Sydney University • 550m Kingswood Railway Station • 700m Nepean Hospital • 200m Kingswood Bowling Club This is the ideal development for your building company as the opportunity exists to potentially stage the development by building the 3 torrens title houses & utilising the profits to build the townhouses. In all of my many years of Real Estate I have never seen a development site that offers a building company the options, when developing a small complex, to stage the constrcution. An ideal location, close to major job creating amenities. Not just any jobs, highly skilled, well paid professional jobs. Looking forward the suburb of Kingswood is set to benefit from a changing population looking for quality accomodation, in locations that offer lifestyle living. The adjoining parkland, access to nearby Club facilities & the planned redevelopment of the Kingswood Hotel, Hilton Garden Inn Hotel in Somerset Street & the many Private medical facilities emerging from the streets surrounding the Nepean Hospital. All these significant amenities add to the lifestyle options for residents of the area. Disclaimer: We have been furnished with the above information however, PRD Penrith & PRD Blue Mountains gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.