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189-191 Victoria Street, Smithfield

$6,500,000

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DA APPROVED DEVELOPMENT WITH ESTIMATED $1.173M PER ANNUM APPROX RETURN

Fantastic opportunity to acquire a DA approved development site for 21 self-contained dwellings for Seniors and Disabled persons. The approved DA includes NDIS Specialist Disability Accommodation (SDA) registration and certification for 15 villas.

This site is in the thriving Fairfield Council LGA of Smithfield and is located only moments away from amenities including Stockland Wetherill Park, Smithfield Square Shopping Centre, Smithfield RSL and Tavern.

The Development boasts the following key attributes:
- Zoned R2 Low Density Residential 
- DA approved development site containing 21 self-contained senior and disability dwellings
- NDIS Specialist Disability Accommodation (SDA) registered and certified for 15 Villas consisting of 10 Robust and 5 SDA Fully Accessible Villas
- Substantial land area of approximately 4,076sqm
- Large footprint allows for multiple developments including and not limited to Childcare and Semi-Detached Dwellings
- Proximity to key lifestyle amenities including; Stockland Wetherill Park, Neeta Shopping Centre, Fairfield Station, Smithfield RSL, Fin Aquatics Recreational Centre and Fairfield Hospital.
- Proximity to transportation including bus services to Parramatta CBD from the corner of Victoria St and Vonn Avenue. 

 Expected Rental Return
- Total for 21 Units: Estimated approx.  $1,173,315 per annum based on SDA pricing and market rental returns for the non-SDA units.

 

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Details

Address 189-191 Victoria Street, Smithfield
Price $6,500,000
Property Type Residential
Property ID 1375
Category House

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