Legend Real Estate
Call Us: 1300 511 038
Address: B 123/20 Lexington Drive
Bellavista, NSW 2153
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79 - 87 Derby St, Penrith

Rare R4 Development Potential Site
  • Bedrooms: 16
  • Bathrooms: 6
  • Car Spaces: 5
  • Property type: House
  • Land size: 2964 sq metres
  • Listing type: For Sale

R4 Development Potential Sites in the heart of Penrith

With its prime location in Penrith, 79, 81, 83 ,85, 87 Derby St, Penrith (5 Properties in a row) presents an excellent investment and development opportunity, spanning approximately 2964sqm, the offering is a zoned R4 high-density residential site with an 18m height capacity.

The property is located in a prime high-growth pocket of Penrith, close to Nepean Hospital, Selective School, Penrith Station and CBD with access to express city transport and a selection of quality schools, shops, stadiums and much more.

This is a rare opportunity to join and benefit from the beginning of a big future in a region on the rise.

*** Total Land Information ***
* 5 Houses in a row
* Total of 2964 sqm of land
* Zoned R4 High Density Residential
* 18m Height Capacity
* Total Frontage - app 75m
* Currently all properties are leased with a total rental return $2335 per week. Great Cashflow

*Apartment Construction Requirements*
Minimum lot size for an apartment development is 1200sqm
Minimum frontage for an apartment development is 24m

- 79 Derby St, Penrith, Land size: 594 m², Rent: $400/week
- 81 Derby St, Penrith, Land size: 594 m², Rent: $610/week
- 83 Derby St, Penrith, Land size: 601 m², Rent: $425/week
- 85 Derby St, Penrith, Land size: 601 m², Rent: $490/week
- 87 Derby St, Penrith, Land size: 574 m², Rent: $410/week

Penrith is thriving with strong economic growth and infrastructure, with a new metro direct to the new airport, combined with massive Government investment in rail, road and air transport, creating endless potential for visionary businesses and investors.

Secure this site to start working on your dream development project. Wait no longer, pick up the phone and call us now. We are eager to help. An opportunity like this won't last long, be the first one to grab it.

DISCLAIMER: Every precaution has been taken to establish accuracy of the above information but does not constitute any representation by the owner or agent. Information is gathered from sources we believe to be reliable; we cannot guarantee its accuracy and interested buyers should rely on their own searches.

Location

CEO | MAXiWEALTH GROUP

“I can attest to the work ethics of Hari Sallakonda’s Legend Real Estate and their professional approach in dealing with the day to day process of marketing and sales. My experience in all transaction with Hari and Durai for the last two years has provided demonstrable evidence of their ability to deliver results and communicate regularly keeping me informed of market trends”.

- Mr.Colin M Curran
Spring Farm

Schofields

Hari & Legend Real Estate Services made it very easy to purchase my property in Schofields very near to the station which was my requirement. Hari and the team engaged , timely communicative, throughout the whole process and we are very pleased with the result. Happy to have dealt with Legend Real Estate Services.
Good team.

- Mr. Namal Dinesh
Schofields

Vendor 31 Naying Drive, Pemulwuy

Thank you so much Hari for your help with selling our home. He was very professional and transparent to deal with. All of our queries were resolved promptly and he was always available through the transaction process. We were very happy dealing with him and would be happy to work with him on future opportunities.

- Naga Babu
Pemulwuy

Buyer of 31 Naying Drive, Pemulwuy

Hari is unlike other real estate agents in that he is honest, personable, approachable and has a great client service ethos. He also has excellent knowledge of the area we bought in and would highly recommend if you want a genuine experience with buying or selling a property.

- JIgnesh Bhatt
Pemulwuy