Unlock the Potential: Rare Find on Huge Land with Rental Potential of $300k p.a. for 16 Studios - DA APPROVED!

This property is not just a rare find, but a one-of-a-kind opportunity for investors and developers alike. With D.A. approval for a 2-storey building with rear parking, this property has great investment/development potential that is tax-exempt. This type of development/approval is unobtainable again, so it is a unique chance to secure a profitable investment. The easy-build structure without complexities of multi-story, northerly aspect, and large land size of approximately 974sqm make it an attractive prospect for investors and super fund investments. The motivated vendor is eager to sell this property, so act quickly to secure this opportunity.

The property has a huge rental potential of approximately $300k p.a. for 16 studios.

It is just a stone's throw away from the Roseland's precinct, Wiley Park Shops, Wiley Park Station (Metro upgrade underway), Roselands Health Hub Medical Centre and the recently upgraded Roselands Shopping Centre.

The property is currently tenant occupied by a long term tenant, it consists of 3 bedrooms (however scope to re-configure to 4-5 bedrooms), good kitchen and bathroom, spacious living areas and so much more.

With its recent D.A. approval and R3 Medium Density Residential zoning, this property offers endless possibilities for further development (S.T.C.A), making it an excellent investment for developers or those looking for a
potential source of income. One of the most affordable parcels of land of this size with approval for 16 studios just 12km from the city available

DISCLAIMER: While Ray White Punchbowl have taken all care in preparing this information and used their best endeavors to ensure that the information contained therein is true and accurate but accepts no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Ray White Punchbowl urges prospective purchasers to make their own inquiries to verify the information contained herein

Contact John Yatman on 0423 344 868

Explore the area

School catchments

Wiley Park Public School Primary K-6 Government 0.64km
Wiley Park Girls High School Secondary 7-12 Government 0.65km
Lakemba Public School Primary K-6 Government 0.83km
Punchbowl Public School Primary P-6 Government 0.85km
St Jerome's Catholic Primary School Primary K-6 Catholic 0.98km
Al-Faisal College - Lakemba Primary Independent 1.3km
Punchbowl Boys High School Secondary 7-12 Government 1.3km
Holy Spirit Catholic College Secondary 7-12 Catholic 1.4km
Beverly Hills North Public School Primary K-6 Government 1.5km
St Charbel's College Combined K-12 Independent 1.5km
Al Hikma College Primary K-6 Independent 1.6km
Rissalah College Combined K-12 Independent 1.8km
Hampden Park Public School Primary K-6 Government 1.9km
Hannans Road Public School Primary K-6 Government 1.9km
St Therese's Catholic Primary School Primary K-6 Catholic 1.9km
McCallums Hill Public School Primary K-6 Government 1.9km
Narwee Public School Primary K-6 Government 2.1km
Mount Lewis Infants School Primary K-2 Government 2.1km
Beverly Hills Girls High School Secondary 6-12 Government 2.3km
Al Sadiq College Combined K-12 Independent 2.4km
Al Noori Muslim School - Senior Campus Secondary Independent 2.5km
St Euphemia College Combined K-12 Independent 2.7km
All Saints Grammar Secondary K-12 Independent 2.8km
Belmore Boys High School Secondary 7-12 Government 2.8km
Kingsgrove North High School Secondary 7-12 Government 3.0km
Bankstown Girls High School Secondary 7-12 Government 3.2km
Al Amanah College, Bankstown campus Combined Independent 3.7km
La Salle Catholic College Secondary 7-12 Catholic 3.7km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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