Prime R4 Development Site - 695.4m2 - 15.24m Frontage - Vacant Block - Potential Upside State Government Low & Mid Rise Housing Proposal

Situated appriximately 250m walking distance to Narwee Train Station, this unique R4 zoned Development Site represents a world of opportunity for switched on builders and developers.

Dimensions: 15.24m x 45.72m

Exceptional location with close proximity to

* Narwee Train Station (Approximately 20 minutes to CBD – 15 Minutes to Airport by train)
* 1.2km to M5 entry on King Georges Road (both east and west bound access)
* Convenient Rail and Road access to the Airport
* Beverly Hills famous Restaurant and Entertainment Strip
* Roselands Centro and Westfield Hurstville Shopping Centres
* A wide range of both Public and Privats Schools
* Local parks and outdoor facilities

Currently suitable for a wide range of uses including

* Dual Occupancy
* Townhouses (historical DA approval for 5 x 2 bedroom townhouses with basement parking)
* Home units
* All subject to council approval

The potential upside of this site revolves around the current State Government Low & Mid Rise Housing proposed changes to the current planning system which is presently on exhibition and proposes a substantial increase in both building height and floor space ratio.

Proposed changes include

* Potential FSR of 3:1 and 21m height limit for residential flat development (subject to approval and development controls not yet published)
* Manor housing
* Multi dwelling housing (townhouses)

Note: This is subject to the State Government proceeding with the proposed changes and the development controls which are yet to be released. Purchasers should rely on their own enquiries

For a copy of the State Government proposal please email gavin@robertsharp.com.au and we will forward a copy.

For further details contact Gavin Sharp on either 9570 5255 or gavin@robertsharp.com.au

Property ID: 1309266