Name: 239 Pennant Hills Road, Thornleigh NSW 2120
Address: 239 Pennant Hills Road NSW, Thornleigh, NSW, 2120
Telephone: +61 432 760 274

+5 Photos

SOLD

239 Pennant Hills Road, Thornleigh NSW 2120

Properties / Sold / New South Wales / Thornleigh

Development Approved

1. Property Summary

Property Type

Industrial

Land Area

1,519 m² (*approx)

Selling Method

EOI: Closing on Thursday 23rd March 2023 at 3pm.

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2. Property Highlights

D.A APPROVED DEVELOPMENT SITE FOR SPECIALIST DISABILITY ACCOMODATION (SDA)

Vacant Site - Ready to Build
Approved to Construct 6 SDA Apartments
Potential High Returns via NDIS Rental

GJS Property is pleased to present to market the opportunity to purchase a vacant 1,519m2 lot with DA approval to construct a Specialist Disability Accommodation (SDA) complex in Sydney’s northern suburbs located amongst quality amenity and on major rail, bus and road arterials.

The approved DA gives the ability to build a 6-apartment complex that can specifically cater for up to 12 tenants with disabilities and provide the convenience of living independently within the community. Significantly, once the property is tenanted, the astute developer, builder or investor will have an opportunity to capitalise on the high rental returns on offer via the Federal Government’s National Disability Insurance Scheme (NDIS), which legislates that the government pays the majority of each tenants rent.

As construction is approved to commence, the successful purchaser can utilise DA approved plans and all regulatory and government approvals from the current owner. The opportunity beckons for the boutique builder, NDIS provider or investor to kick start this project and benefit from potential risk-free returns.

The property will be sold via Expressions of Interest closing on Thursday 23rd March 2023 at 3pm.

For more information, please contact the exclusive agent, Tim Paxton from GJS Property.

Remember to mention you found this property on DevelopmentReady

Development Approved