Prime parcel bursting with potential (STCA)
Calling all investors and developers with an eye for potential (STCA), this is a rare and exciting opportunity not to be missed. On offer are 3 separate residences on a large parcel of land close to schools, shops and amenities.
Based on the available information obtained in an available due diligence report*, the site can support a medium-density outcome.
Chapter 6 of the Housing SEPP applies because the land is situated in the low and mid rise housing outer area (per the Low and Mid-Rise Housing Policy Indicative Map). Within this framework, multi-dwelling housing, multi-dwelling housing (terraces) and residential flat buildings are permitted with consent, with non-discretionary standards:
• up to 9.5 metres in height, and
• FSRs of 0.7:1 for multi-dwelling housing and 0.8:1 for residential flat buildings.
Chapter 2 of the Housing SEPP can provide up to a 30% uplift to height and FSR where 15% of the GFA is dedicated to affordable housing for 15 years and the site qualifies as in an accessible area. If satisfied, indicative controls increase to:
• 12.35 metres in height, and
• 0.91:1 FSR for multi-dwelling housing or 1.04:1 for residential flat buildings.
*Information provided by Due Diligence Report available upon request.
Features Include
– Approximately 1km from Carlingford Court
– Approximately 3km from Epping Station with bus stop on Dunrossil Avenue providing travel times as low as 10minutes**
– Located within the school catchments of Epping West Public and Carlingford High Public
– Moments from James Ruse Agricultural, The Kings School ad Tara Anglican School
– Enjoy 3 torrens title and separate residences set on a providing a combined land total of approximately 4090sqm and approximately a 22m frontage
– Providing secure rental income the properties offer a generous 5-bedroom, 3-bathroom home with a pool, an additional 4 bedroom, 2 bathroom residence and a smaller 3-bedroom, 1-bathroom home with a swimming pool
** travels times depend on bus stop frequency and vary during the day