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21 Carter Street, Seven Hills, NSW 2147
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Property Highlights

DA APPROVED + CC IMMINENT CLASS 1B BOARDING HOUSE SITE
  • CLASS 1B CONSTRUCTION
  • CC IMMINENT - 80% COMPLETE
  • WALKING DISTANCE TO TOONGABBIE STATION

Adam Charles as exclusive agents is pleased to present 21 Carter Street, Seven Hills to the market via public auction, a unique opportunity to acquire a Class 1B, DA approved site for two x (2) storey boarding houses.

The site represents an exciting opportunity to inject much needed affordable housing in a strategic, booming Western Sydney location with unprecedented rental demand, ensuring a high yielding investment once in operation.

Class 1B boarding houses are no longer permissible without an affordable housing provider. This approval is the last of its kind!

Key highlights:

- Premium, DA-approved class 1B boarding house corner site

- 2 huge street frontages

- Expansive 2,277.7 sqm land parcel in a quiet cul de sac

- Approval for subdivision into 2 lots & construction of 2 boarding houses, comprising a total of 16 rooms, including 2 larger manager rooms

- CC imminent - currently 80% complete

- Flexible R2 low density housing zoning, permitting a range of alternate uses

- Shovel ready site with all demolition & clearing complete

- Significant time and cost savings as a class 1B building with no basement

- Modern well presented proposed building, with kitchenette and bathroom amenities to each studio-style room

- Future projected income c$300,000 per annum

- Booming Western Sydney location with sub 1% vacancy rates & consistently high demand for affordable housing

- Walking distance to Seven Hills & Toongabbie stations, bus services and Seven Hills Plaza

- Under 20 minutes drive to two major transforming CBD's: Parramatta & Blacktown

A 100% freehold interest in 21 Carter Street, Seven Hills is offered for sale via public auction

Auction is to be held on the 28th of November at Auction Works Sydney CBD

For more information or for a copy of the information memorandum & due diligence package, please contact the exclusive agents.

Remember to mention you found this property on DevelopmentReady

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STEP 01 Finance type
Land Finance
STEP 02 Property address
21 Carter Street, Seven Hills, NSW 2147
STEP 03 Contact a finance professional

Map: 21 Carter Street, Seven Hills, NSW 2147

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