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For Sale property id: 71099289

New Development located in Sydney CBD

USD 10,400,177 + Mortgage Calculator
AUD 16,000,000
  • Land Size
    2158 m²

Description

Sydney - West Pennant Hills - Development Potential -

Introduction to Sydney’s needs for new homes
Sydney metropolitan CBD has an enormous need of new dwellings.
The NSW Government has estimated need of 1.2 Million new apartments/homes within the next 5 years.
West Pennant Hills is one of the more exclusive areas of Sydney with houses values ranging from $2.5M to $20M+.
New apartments units are valued around $1.4 to1.8M.

The West Pennant Hills/Cherrybrook area is in a unique position in the global city of Sydney. It is 20 minutes from the Sydney central business district.
The area’s locals enjoy a leafy suburban atmosphere yet can easily access all that the broader city offers via regular Sydney Metro services.
People living here have the best of both worlds – a relaxed lifestyle, yet plenty of economic opportunities and connections.

The potential in the West Pennant Hills/Cherrybrook district sees a median 2.51% annual growth in house prices.
However, the area strategy that has put into place from 16th December 2022 by the local area government will implement a structure plan which will allow for exponential growth over the next 20 years.
Our Land is situated in the GREEN ZONE which will be rezoned for higher density.

Investment proposals
1. Joint Venture
Address - Carioca Court, West Pennant Hills NSW 2125
Land size – 2,158sqm
Price – 49%. Investor pays half of progression value of land based on FSR Tier

2. Total Acquisition
Address - Carioca Court, West Pennant Hills NSW 2125
Land size – 2,158sqm
Price of Acquisition of Land - $21M

Further potential
Potential to acquire adjacent neighboring blocks to merge into a larger land size greater than 4,450sqm.

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