This amazing development opportunity spans two titles with high potential for redevelopment (STCC).
Zoned as Urban Corridor (Living) - UC(L), there are a range of development possibilities here. There is the opportunity for 3-4 storey residential and some mixed use properties - subject to council consent, of course.
564 Lower North East Road is a 745sqm (approx.) block with a 22.04m (approx.) frontage.
566 Lower North East Road is even bigger at 1,045sqm (approx.) with a 22.05m (approx.) frontage. This block also has a second frontage onto Drysdale Crescent at the rear. The total site has a combined frontage of 44.09m (approx.) onto Lower North East Road. The two properties are to be sold together offering a huge 1,790sqm (approx.).
Both properties currently have neatly presented original family homes on site, 564 being currently leased. Both properties could be rented out while you finalise your plans.
The excellent location lends itself to any number of development options. You're almost next door to the North Eastern Community Hospital, with shops and public transport right on the doorstep. Beautiful Botanic Grove Reserve is a few doors down, as is the popular The ARC Campbelltown. It's 15 minutes' drive to the CBD, making this the ideal investment with strong potential for capital growth.
Things we love:
Huge development block across two titles
1,790 sqm in total (approx)
44.09m (approx.) frontage onto Lower North East Road
Second frontage to Drysdale Crescent
Zoned as Urban Corridor (Living) - UC(L)
Potential for 3-4 storey residential and some mixed use (STCC)
Development opportunities this close to the CBD are like gold dust. Call Todd Sloan today to avoid missing out.
RLA 296441
