73 Ellendon Street BUNGENDORE NSW 2621
$880,000

DESCRIPTION

Outstanding opportunity to purchase a rare and unique development site within the rapidly expanding Bungendore. This versatile and ideally located 2863m2 property with considerable development upside is at 73 Ellendon Street.

The property is located on the doorstep to Bungendore's CBD. Possessing the favourable zoning of Mixed Use, the property allows for a variety of uses being underpinned by the considerable redevelopment upside (STCA).

The land is zoned R1- General Residential and therefore permissible land uses include the following:

(a) Multi-Unit Dwellings and/or (b) Multi-Unit Dwellings for Seniors and Disabled Persons under the NSW Government State Environmental Planning Policy (SEPP) regulations allowing for construction of up to 10 new dwellings on site (STCA). Further permissible land uses include (c) Attached Dwellings, (d) Childcare Centres and (e) Aged Care Homes and Nursing Homes. A combination of uses are permissible together or on separate title.

The key features of this outstanding property area:

Land area of 2863m
Current DA includes a current consent for land subdivision into four separate 'freehold' blocks of approx 715m2 each.
Luxury of holding income from the existing house rental
Variety of refurbishment / redevelopment options (STCA)
Well located with close proximity to retail amenity, park lands, public transport and major road arterials.