46 Evan Street Penrith NSW 2750

CBRE as the exclusive sales agent are pleased to present 46 Evan Street, Penrith to the market.

Strategically located moments from Penrith Town Centre, 46 Evan Street strikes a perfect balance of urban convenience, connection and relaxed neighbourhood living. DA approved for the construction of 128 units in a mix of 1-bed, 2-bed and 3-bed configurations, this freehold development opportunity is perfect to a prospective purchaser to capitalise on Sydney's tightening residential market.

The opportunity benefits from the following key attributes:
- Land area: 6,841sqm*
- DA Approved for 128 units in a mix of 1-bed, 2-bed and 3-bed configurations and 173 car parking spaces
- Ability to be developed over Two Stages as per the DA Approval Stage 1 & 2
- Favourable planning controls in the form of R4 High Density Residential Zoning, 18m Height of Building, 400sqm minimum lot size
- Suitable for a range of uses including Traditional Residential developers, Affordable Housing Groups, NDIS operators & Not For Profit Housing providers (STCA)
- 1.3km* to Penrith Train Station and Westfield
- Capitalise on Penrith's transformation into a major economic hub - $7.9bn of local economic output with population forecast to reach 1 million by 2031

46 Evan Street, Penrith is offered for sale with a price guide of $9,600,000 - $10,000,000

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

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