Premier Property is pleased to present 11 Blaxland Avenue, Penrith, an outstanding development opportunity positioned in a highly connected pocket of Penrith.

Set on approximately 804sqm of land with an impressive 20.03 metre frontage, the property is zoned R4 High Density Residential and comes with DA approved plans for a 15 room Co Living development, offering developers and investors the opportunity to move forward with an established development concept.

Ideally positioned in a highly connected Penrith location, the property is within moments of Penrith CBD, Westfield Penrith, Penrith Station, Nepean Hospital, Western Sydney University and St Dominic’s College, along with local parks, schools and dining options.

The site also sits within the Penrith Station & Town Centre LMR area, further enhancing its position within one of Western Sydney’s key growth and investment precincts. The property is also well placed to benefit from continued infrastructure investment across Western Sydney, including Western Sydney International Airport.

PROPERTY HIGHLIGHTS

• Approximately 804sqm landholding
• Approximately 20.03 metre frontage
• R4 High Density Residential zoning
• DA approved plans for a 15 room Co Living development
• Located within the Penrith Station & Town Centre LMR area
• Vacant land offering a clear development opportunity
• Close to Penrith CBD and Westfield Penrith
• Easy access to Penrith Station and major transport connections
• Convenient to Nepean Hospital and Western Sydney University
• Within easy reach of St Dominic’s College, Kingswood
• Positioned to benefit from continued growth and major infrastructure investment across Western Sydney
• Convenient access to Western Sydney International Airport
• Strong potential for developers, builders and long term investors

ESTIMATED RENTAL INCOME

• 10 double rooms with balconies, approximately $460 per week each
• 2 accessible rooms, approximately $450 per week each
• 3 single rooms, approximately $440 per week each

This represents an estimated gross rental income of approximately $6,820 per week or $354,640 per annum, based on full occupancy.

Offering a combination of DA approval, R4 zoning, substantial landholding, inclusion within the Penrith Station & Town Centre LMR area and strong potential rental income, 11 Blaxland Avenue presents a compelling opportunity for buyers looking to develop and retain a high yielding asset in the heart of Penrith.

Disclaimer: all rental figures are estimates only and are subject to market conditions, occupancy, completion of the proposed development and other applicable costs and approvals. Purchasers should rely on their own enquiries and independent advice.