PROPERTY DESCRIPTION

9 Reddan Ave, Penrith is proudly presented by Rafael Posadas of gofysh | estate agents.

Position, Position, Position – Development close to Nepean Hospital

The Boarding House (25 rooms) has 10 single rooms, 14 double rooms, a Manager’s room with parking for 13 cars.

– R3 land zoning
– 8.5m height limit
– DA19/0658 approved with Penrith Council on 17/11/2020
– Boarding House has 25 rooms and 13 car parking spaces
– 400m (5 min walk) to Nepean Hospital
– 550m (7min walk) to Sydney Medical School, Nepean
– 550m (7min walk) to Penrith Selective High School
– 1.6km (20 min walk) to Kingswood Train Station
– 2km (24 min walk) to Western Sydney University, Kingswood Campus
– 2.7km (5min drive) to Westfield Penrith
– Close to Schools, Shops, Cafes, Parks, Transport and Recreation Areas

Potential Rental Return – $390,000 per annum ($280 to $300 per week per room)

This is a rare offering that is highly sought!

Please call me directly on 0433 777 941 for further information or to arrange a private inspection.

Disclaimer – The information on this summary sheet should not be relied on as a substitute for legal and real estate advice. You should make your own inquiries as to the accuracy of any information or material contained in this document.

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