CBRE as the exclusive sales agent are pleased to present 46 Evan Street, Penrith to the market.

Strategically located moments from Penrith Town Centre, 46 Evan Street strikes a perfect balance of urban convenience, connection and relaxed neighbourhood living. DA approved for the construction of 128 units in a mix of 1-bed, 2-bed and 3-bed configurations, this freehold development opportunity is perfect to a prospective purchaser to capitalise on Sydney’s tightening residential market.

The opportunity benefits from the following key attributes:
- Land area: 6,841sqm*
- DA Approved for 128 units in a mix of 1-bed, 2-bed and 3-bed configurations and 173 car parking spaces
- Ability to be developed over Two Stages as per the DA Approval – Stage 1 & 2
- Favourable planning controls in the form of R4 High Density Residential Zoning, 18m Height of Building, 400sqm minimum lot size
- Suitable for a range of uses including Traditional Residential developers, Affordable Housing Groups, NDIS operators & Not For Profit Housing providers (STCA)
- 1.3km* to Penrith Train Station and Westfield
- Capitalise on Penrith's transformation into a major economic hub - $7.9bn of local economic output with population forecast to reach 1 million by 2031


46 Evan Street, Penrith is offered for sale with a price guide of $9,600,000 - $10,000,000

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

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