Ideal site for developers or investors looking to benefit from the future implementation of the Ingleburn precinct plan published by Planning NSW in December 2017. Currently returns approximately $46,900 PA and is only 1.2km from Ingleburn station, CBD, local schools, shops, parks and Macquarie Fields Leisure centre.
Set on 2314sqm of level land with easy access to the services this site can be developed now or left as it currently stands or wait for future rezoning and greater yield.
Property features:
* Two individual houses on 2 separate titles currently leased to long term tenants
* 2314sqm combined land size
* 30.48m combined frontage
* Low rise medium density housing code comes into effect 1 July 2019
* Future rezoning plans of 3-6 Storey medium rise as part of the Final Ingleburn Precinct Plan (Released by Planning NSW December in 2017)
Potential for up to 7 townhouses or up to 16 affordable housing S.T.C.A under current zoning.
Combined rental income of approx. $46,900 PA
Call Michael Galluzzo on 0423463683 for more information.
Further information on the Final Ingleburn Precinct package can be seen at:
https://www.planning.nsw.gov.au/Plans-for-your-area/Priority-Growth-Areas-and-Precincts/Greater-Macarthur-Growth-Area/Ingleburn
