ReVest Property Group is pleased to announce the sale of a key 2.27 Hectare raw residential subdivision site with concept plans for 22 Torrens title lots.
The subject property is zoned R2 low density residential and SP2 classified road (Rickard Rd). The subject property had several obstacles including but not limited to a proposed classified road (7,154 sqm), restricted access from Heath Road, increased section 7.11 and DSP contributions and several battle-axe lots.
“Despite these obstacles, the subject property transacted for $409,090 per lot and $883 per sqm on net saleable area proving strong demand in Southwest Sydney for home and land,” said Andrew Sukkar, Partner at ReVest Property Group.
“The campaign generated enquiries from local, interstate and syndicate buyers looking to leverage off major infrastructure in southwest Sydney including the Western Sydney airport.”
Located in proximity to the Western Sydney International (Nancy-Bird Walton) Airport, Woolworths (900m*) and COLES (1.2km*), the site is strategically positioned for strong sale revenue and capital growth for home buyers and investors.
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