FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES (NSW)
27 & 29 TRYON ROAD LINDFIELD – NSW 2070
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Development Potential Residential
This prime raw residential development site spans 3,075 sqm*, featuring rear lane access via Tryon Lane and approximately 15 car spaces, ensuring convenience and accessibility. Zoned R4 High-Density Residential, it allows for a 1.3:1 ratio and a 17.5-meter height limit, with the potential for a significant uplift to 3:1 FSR and six (6) storeys under the NSW government’s Transport Oriented Development Program. Currently operating as an approved and renovated aged care facility with a single dwelling, it sits strategically in Lindfield Village, merely 270 meters from Lindfield Train Station. Surrounded by leading retailers, eateries, and public transport, including major developments like ‘Seldon’ by Mirvac, it offers an enticing investment prospect.
66-68 DUDLEY STREET RYDALMERE – NSW 2116
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Development Approved Residential, Boarding House
This opportunity comprised two adjacent houses on a sizable land parcel of 1,194sqm*, strategically situated near Western Sydney University (Parramatta Campus) and major transport hubs, with a Development Approval secured for a 38-room boarding house, presenting exceptional potential. The site at 66-68 Dudley Street, Rydalmere, boasts key X-factors including DA approval for the boarding house, a land area of 1,194sqm*, an FSR of 0.6:1 and a Height Limit of 11m. Existing improvements consisting of two residential houses, convenient access to the Parramatta light rail line and Dundas Station while also having a holding income of approximately $50,000* per annum, which proved very popular with our New South Wales developer audience!
28 – April / May 2024
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