20,22,24 Parmal Avenue PADSTOW NSW 2211
Expression Of Interest

SUMMARY
First DA Approved Unit Development Opportunity For 35 Units
PROPERTY DETAILS
Price
Expression Of Interest
Listing Type
Residential For Sale
Property Type
House
Bedrooms
7
Bathrooms
3
Method of Sale
For Sale
DESCRIPTION
For Sale by Expression Of Interest

An unprecedented opportunity has emerged in the heart of Padstow-the first DA-approved unit development in the area is now on offer. This R4-zoned, blue-ribbon site presents a prime investment for developers looking to capitalize on a high-growth location. Approved for a four-storey residential unit complex with a single-level basement and total GFA of 2,859sqm, the project comprises 12 x 1-bedroom, 17 x 2-bedroom, and 6 x 3-bedroom apartments, making it a versatile and highly desirable development prospect to rent or to on sell.

Spanning 2,202.6 (approx.) across three properties, this level parcel features an expansive 43m frontage and a rear northern aspect. To be sold in one line, this premier site offers outstanding potential for those seeking a seamless transition from approval to construction. With the groundwork set and a well-designed layout catering to a diverse buyer demographic, this is a rare chance to shape the future of this thriving community. Be the first to construct and reap the awards.

Ideally positioned just 550m from Padstow train station, Woolworths/shopping precincts, and quality schools, this site ensures strong appeal for future residents. Easy access to the M5 further enhances its convenience, making it a highly sought-after address for commuters and families alike. Whether you're an experienced developer or an astute investor, this development opportunity is not to be missed.

Key Features:
- First DA-approved unit development site in Padstow
- DA-approved for 35 apartments � mix of 1, 2 & 3 beds
- 12 x 1-bedroom, 17 x 2-bedroom, and 6 x 3-bedroom apartments
- Four-storey height with a single-level basement
- Three properties on total GFA of 2,859sqm
- 43m frontage, rear northern aspect
- 550m to train station, shops & schools; minutes to M5
- To be sold in one line � rare, high-growth opportunity
- Total combined rental return of approximately $88,400 p/a
INFORMATION
New or Established
Established
Carport spaces
3
Land size
2203 sq m
MORE INFORMATION
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