Silverwater Road, SILVERWATER

Exceptional Development Opportunity - Consolidated Site of about 6,612 square meters on Silverwater Road.

Overview

Property Type

Development

For Sale

$8,250,000

Land Size

6612 sqm

Web ID

22P0128

Located on the western side of Silverwater Road, with ready access to major arterial roads including Silverwater Road, M4 Motorway and Parramatta Road. Parramatta regional centre is about 5 kilometers to the west.

The property enjoys 3 street frontages, is generally flat and rectangular in shape. The property has recently been rezoned to "B6 Enterprise Zone" under draft Auburn LEP 2009 and enjoys a generous 2:1 FSR.

This zoning principally encourages business use, a mix of compatible employment uses, business office, limited retail and residential, hotels and motels, and light industrial uses.

The property is offered for sale at an asking price of $8.25 million exclusive of GST.

The site currently consists of 12 residential houses and 3 older style factory warehouses that enjoy existing use rights as an industrial factory complex and are currently utilised as a dry-cleaning business. The opportunity also exists to negotiate with the only three remaining properties on this block and further consolidate to have a full 4 street frontage block.

SUMMARY
- Development Opportunity with consolidated site of about 6,612 square meters.
- Exceptional location with 3 street frontages and excellent exposure.
- Some cash flow from various tenants whilst DA approval is processed.
- B6 Enterprise Zone provides flexibility in terms of land use (STCA).

STCA potential uses include :
- Mixed commercial and residential
- Hotel or Motel Accommodation
- Office
- Light Industrial