DA Approved Development Site in Liverpool – Must be Sold
32 Unit DA Approved Site in Liverpool
Colliers is pleased to present this boutique development site for 32 units located in Liverpool, just off Hoxton Park Road.
15-17 Frangipane Avenue, Liverpool is two vacant blocks of land which has a Development Application approval for 32 units with 5 presales totalling $2,660,000. The site area is 1,700sqm* and of rectangular shape, situated on R4 High Density Residential zoned land – within walking distance to shops and transport.
The current approval offers the development of 8x 1-bedroom units, 23x 2-bedroom units, and 1x 3-bedroom units. As per the Land and Environment Court approval in April 2017 50% of the GFA must be used for afford- able housing for a period of 10 years.
The key investment features of this property are as follow:
• DA Approved 32 Unit Development Site in Liverpool
• Perfect opportunity for a Build-To-Rent development opportunity
• Site area of 1,700sqm* with dynamic R4 High Density Zoning
• Positioned within proximity to Liverpool T-Way (450m*), Retail Complex (85m*), ALDI Liverpool (350m*), and Liverpool CBD (less than 2km)
The property must be sold by way of Public Auction at Level 5, 1 Margaret Street Sydney NSW 2000 on the 29th July 2021 at 10:30am.
To discuss this property in further detail, please be in touch with the Colliers team.
Remember to mention you found this property on DevelopmentReady.com.au