rare development approved north sydney opportunity hits market in asquith

rare development approved north sydney opportunity hits market in asquith


March 2017
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Rare Development Approved North Sydney Opportunity Hits Market In Asquith

With Sydney’s property market continuing it’s rapid rise, the availability of development approved opportunities in well-positioned, accessible regions remains a significant hurdle for those sounding out their next project.

Shenks Real Estate’s latest development site seeks to change that, with a substantial landholding of 1,900sqm in the relatively quiet but arguably undervalued suburb of Asquith, a mere twenty-six kilometres from Sydney’s City centre.

Offering development approval for thirty-four, architecturally designed apartments, 433-437 Pacific Highway incorporates a highly cost-efficient design and construction model that aims to capitalise on the attractive median unit price of $675,000 and close to 10% year on year capital growth, according to the latest CoreLogic data.

Positioned in a convenient location, with a railway station, local shopping precinct and only five minutes drive to Westfield Hornsby, this project appeals to low / medium density developers and investors across the board.

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