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SOLD
8 Great Western Highway, Leura NSW 2780
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LEURA - DA & CC Approved for 19 Apartments

CBRE is pleased to offer 8 Great Western Highway, Leura for sale via an Expressions of Interest Campaign (EOI) - closing on Thursday, the 27th of October 2016 at 3:00pm (AEST).

The sale presents the opportunity to acquire a boutique development project in the Blue Mountains, which has the potential of offering 30%+ returns for a purchaser in a market with no competing stock. 

The property is development application (DA) and construction certificate (CC) approved for 19x 2 bedroom residential apartments, all within walking distance to Leura Train Station, Leura Mall, and short drive to Echo Point (Three Sisters Lookout), Wentworth Falls (popular hiking location); with a further drive to Parramatta (1 hour*) 

The Blue Mountains is currently pent-up with local buyers, and Sydney based down-graders seeking a new lifestyle, which is affordable yet still within driving & train distance to major work hubs with the newly completed dual carriage highway. The cost of property in the Blue Mountains is increasing due to the demand for such lifestyles and the increasing accessibility - outperforming many other suburbs. 

Prices in the Blue Mountains are on the rise; now is the time to capitalise on interest. There is currently no competition or similar developments on the market, and may not be for many years as there will be no other release of land zoned for apartments in Leura for the foreseeable feature. The property, and surrounds are zoned 'Deferred Matter', which does not allow development or zoning changes to occur.

CBRE recommends your consideration of this boutique development site, which provides the ability to build and sell the apartments for a potential return for 30%+. Alternatively, a purchaser could build and hold the development for an income with the ability to sell as a valuable block of units, or capitalise on the frequent holiday rentals in Leura. 

For further information, please contact the dedicated CBRE agents.

Remember to mention you found this property on DevelopmentReady

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