PROPERTY DESCRIPTION
36 First St, Kingswood NSW 2747 is proudly presented by Rafael Posadas of gofysh | estate agents.
DA and CC approved 23 room Co-living Development with Penrith Council
• DA23/1104 court approved on 7th November 2024
• CC 6 weeks till completion
• 15 double rooms, 8 single rooms and parking for 5 vehicles (at-grade)
• 1,471m2 land area
• R3 Medium Density Residential land zoning
• 8.5m building height
• 18.3m frontage
Rental Potential (23 rooms x $450 per week) = $538,200 per annum
Gross Realisation Value (6%) = $8,970,000
• 3 min (180m) walk to nearest bus stop
• 13 min (950m) walk to Nepean Hospital
• 13 min (950m) walk to Kingswood Train Station
• 13 min (950m) walk to Western Sydney University, Kingswood Campus
• 6 min (3.2km) drive to Westfield Penrith
• 15 min (15km) drive to Western Sydney International Airport (first flight late 2026)
This is truly a great opportunity not to be missed!
Please call me anytime 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.