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A 3,546sqm DA approved residential development site located in the Inner West of Sydney that has been cleared and ready for development has come to market.
Trent Gallagher from Colliers in conjunction with Samuel Hadgelias from Ray White have been appointed to sell 8 Harp Street on behalf of a private vendor with price expectations in the $9,000,000 – $10,000,000 range.
This shovel ready development site, designed by Mackenzie Architects, offers DA approval for 60 units over 4 storeys with 1.5 levels of basement car parking. The site has an approved GFA of 5,045sqm.
Located adjacent to the Clemton Park Village, future residents will enjoy multi-faceted urban amenity including major supermarkets, a community centre, green open space, and medical operators.
Geographically, the site boundary is on the border of Clemton Park and Campsie meaning future residents will also benefit from the pending regentrification of the Campsie Town Centre Masterplan.
Mr. Gallagher said that “boutique development sites are currently in high demand in particular within infill markets like the Inner West. Due to difficulty around planning in NSW in terms of delays in getting approvals, DA approved development sites are now a much-preferred option by developers so they can get started on a job immediately”.
“The efficient floorplates the development offers will be a strong drawcard for our target market, as they will have confidence in the fact that end-product purchasers will pay a premium for units with larger liveable areas in such close proximity to surrounding amenity” Added Mr. Hadgelias.
8 Harp Street, Campsie is offered for sale via Expressions of Interest campaign closing at 3:00pm (AEDT) on Thursday, 5th October 2023.
