PRD Penrith Level 1/27 Lawson Street Penrith, NSW, 2750 02 4732 3711
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2 - 8 Lethbridge Street PENRITH 1
2 - 8 Lethbridge Street PENRITH 2

2 - 8 Lethbridge Street
penrith
NSW, 2750

SOLD

Sold for $3,200,000

listing rooms 2
listing bathrooms 2
Land: 2143 sqm
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DA Approved Development Site

Located directly opposite Nepean Hospital. Approved for 60 apartments. Excellent product mix. Highly prominent location. Owner has realisctic expectations.

Address - 2,4,6 & 8 Lethbridge Street, Penrith

Zoning - R4 High Density Residential

DA Commenced - 10th July 2018

Product Mix - 

1 bed x 11
2 bed x 43
2 bed plus x 6
Legal Description -  Lots 17,18,19 & 20 in DP 2739

Why buy? 

All the hard work has been done by Morson Architects to get the design approved.

The Government is spending $1 billion directly across the road turning Nepean Hospital in an even bigger employer in the area than they already are.

The site sits on the gateway road to the Western Sydney airport which is currently under construction.

Design wise the building is the ideal product mix for the location. It has been designed to be buildable in the current climate.

Our owners have committed to meeting market conditions.

You can buy a site today for up to 15% less than you would have had to pay 12 months ago.

Penrith is a key player in the Governments 3 Cities plan with incredible infrastructure development creating a once in a generation opportunity to get in at the ground level.

Currently the property consists of 4 individual houses all of rentable condition.

Agents

Nearby Schools

About penrith

median house price

895000

suburb growth

5.2%

median house rent

550

suburb rental yield

3.2%
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Similar Properties

Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.

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