50-52 Lethbridge Street, Penrith
UNDER CONTRACT House - Property ID: 918978
These 2 neighbouring blocks of land have a combined area of approximately 2,300sqm, are zoned R4, and also have 2 street frontages to Lethbridge street and Hope street (front and back).
A development application for apartment block containing 57 units has already been approved by council with a total floor area of 4,572sqm.
With approvals taking upwards of 18 months to obtain through council, and with many more not being able to get approval, developers will know the time and money saved when buying a premium parcel like this which is already DA approved, not to mention the peace of mind.
The approved plans for the building contain 40 two bedroom apartments, 13 one bedrooms, and 4 three bedroom designs.
The property is located one block back (150 metres) from High street, which is the main street running through the CBD, so the heart of Penrith is at the doorstep and everything the city has to offer including Westfield’s Penrith.
It’s also located within a 5 minute walk to the Nepean public and Private Hospitals which are just at the end of the street. The government has announced that the Nepean public Hospital will have $576,000,000 spent on it upgrading and expanding the services which will not only improve the health services for the area but also create jobs and employment.
Penrith Selective High School and primary school are literally across the road. Families from all around Sydney, as well as internationally, send their children to Penrith High School because it is a selective public school that consistently has one of the highest academic results in the country, but is also very affordable.
Both Penrith and Kingswood train stations are within walking distance.
Sydney’s proposed 2nd airport at Badgerys Creek is less than 20 minutes away, with Sydney’s CBD less than 60 minutes away by either car or train.
The Penrith area is great place to live or raise a family with facilities such as the Penrith Lakes, the Sydney International Regatta Centre, the Penrith Whitewater Stadium, and the beautiful Nepean River with its gorgeous family friendly parklands along its banks.
The Panthers Leagues Club has many restaurants and bars as is home of the iFly Downunder which is an indoor skydiving complex. Panthers is also home to Cables Wake & Aqua Park, Panthers Rugby League Academy, and all this is across the road from the Panthers football stadium – home of the Penrith Panthers NRL team.
All the above are great facts and reasons why Penrith is a popular place to live and to invest in.
All offers and terms considered, contact Richard Heidtmann on 0409551803 for further details.
All information contained herein is gathered from sources we believe to be reliable. We cannot however guarantee its accuracy and interested parties should make and rely on their own enquiries.