52-56 Cam Street, CAMBRIDGE PARK NSW 2747
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- 29 Nov 2016
Development site for sale
Site area 2864sqm (approx.)
Frontage 47.245m (approx.)
Zoning R3 medium density residential
• 500m Public Primary School
• 1000m Public High School
• 1000m Catholic Boys High School
• 80m local Shopping Centre & Dining Options
• 1500m Indoor Sports Centre
• 2.6km Westfield Shopping complex
• 1.1km Kingswood Station (55 min fast train to Central Station)
If you are looking for a site in one of Western Sydney's most under developed suburbs then this must go to the top of your list.
There are only 150 houses that have been zoned for townhouse development in this well established area where the average home was built in the 1950s and 60s (20% of which are already developed and 10% which have substantial houses).
You wouldn't believe the number of times we hear if only we could buy something low maintenance and preferably new for under $600,000!.
First home buyers make up a larger percentage of the market in townhouses for two key reasons:
1. They want a yard
2. They can't afford a house and land package.
Not only is this site well located in terms of amenities, easy access to motorways and a wide range of education facilities it has a ready-made buyer base that are already sold on the location!
There is a lot of talk about whether Sydney is over supplied in the apartment market. We have our own opinion on this, but it's not important in the context of this site. That's because buyers looking for a townhouse rarely, if ever, settle on an apartment. The reverse, however, is the complete opposite.
This is relevant because the townhouse market is substantially under supplied. Not only from a construction point of view but from an on-the-market and pipeline perspective, there is a real opportunity to tap in to a market that has high demand and low supply.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
52-56 Cam Street CAMBRIDGE PARK