SOLD ! - High Yielding R2 with Excellent Rental Return

SOLD !!

Create a superior development project with this centrally located 3-acre property on Twelfth Avenue. Zoned R2 (low-density residential) and with a low percentage of indicative roads (16%) this land parcel has excellent potential for an efficient future subdivision plan (Subject To Council Approval). The property also currently generates a high income as it includes two separate residences and a shed.

Located nearby is the retail precinct along Edmondson Avenue (near Tenth Avenue – approximately 1 kilometre) and Austral Public School (1.1 kilometres). In addition, the property will have excellent future access and amenity to the local neighbourhoods of North Austral and South Austral via the proposed extension of Browns Road. This road extension will afford future residents easy access to both Fifteenth Avenue (leading to the M5 & M7 motorways) and Leppington Station (3.5km) via Bringelly Road. With proposed upgrades of Edmondson Avenue (a 400m walk), the property is also well located to access the future upgraded public transport system along this major bus route.

Situated on the property are two well-appointed homes (with existing tenancies):

Residence One:

A spacious and modern 5-bedroom home is located on the Western side of the property.

Home features include:

Residence Two:

A cosy 3-bedroom, 1-bathroom home is located on the Eastern side of the property

Home Features include:

Future residents of the area will be well situated to access the surrounding suburbs of West Hoxton Park, Middleton Grange, Carnes Hill and Leppington. Residents may also enjoy aspects of an outdoor lifestyle with the surrounds of the Western Sydney Parklands (located to the East of Twelfth Avenue). With continuing upgrades to local and regional infrastructure and the development of the Badgery’s Creek Airport, this property presents an outstanding investment and development opportunity.