39-45 Old Castlereagh RoadCastlereagh NSW 2749
Property Details for 39-45 Old Castlereagh Rd, Castlereagh
Last Listing description (December 2023)
RWC Western Sydney is delighted to present 39-65 Old Castlereagh Road, Penrith Lakes for sale via Expressions of Interest.
Representing a unique opportunity to secure over 6 acres of land within a master planned locale. This versatile tourism zoned parcel is ripe for development, presenting astute investors with the opportunity to capitalise on an abundance of surrounding existing and future amenities
Additional Highlights of the Property:
Site area of 27,336 sqm*
Formally known as 39-65 Old Castlereagh Road, Castlereagh NSW 2749
Zoned Tourism: Allowing for tourist and visitor accommodation, Entertainment facilities, Boat Sheds, tourism facilities, neighbourhood shops, Food and Drink premises, Function Centres,
indoor and outdoor recreation facilities places of public worship, community facilities, health services facilities, registered clubs and education establishments (STGA)
1.25:1 FSR
Maximum possible GFA of 34,170 m*(STGA)
22m Height Limit
Situated directly opposite the proposed main entrance of future Nepean Business Park
Set to benefit from The Western Sydney Lakes Master Plan
Adjoined to International Regatta Centre and Penrith Lakes
The property is offered for sale via Expressions of Interest closing at 3:00 pm, Wednesday 22nd November 2023.
* Approximately
^ Subject to Government Approval
In conjunction with Sydney Auctioneers & McGarity Property Group
Greg Allchin
Director
Sydney Auctioneers
0422 361 797
greg@specialistclinic.com.au
Keiran Macgarity
Director
McGarity Property Group
0447 228 504
keiran@mcgarityproperty.com.au
Property History for 39-45 Old Castlereagh Rd, Castlereagh, NSW 2749
- 20 Oct 2023Listed for Sale Expressions of Interest
- 05 Jun 2018Listed for Rent $70,000 / year
- 06 Apr 2018Sold for $2,500,000
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About Castlereagh 2749
The size of Castlereagh is approximately 32.1 square kilometres. It has 6 parks covering nearly 7.7% of total area. The population of Castlereagh in 2011 was 1,054 people. By 2016 the population was 1,188 showing a population growth of 12.7% in the area during that time. The predominant age group in Castlereagh is 50-59 years. Households in Castlereagh are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Castlereagh work in a clerical occupation. In 2011, 79.5% of the homes in Castlereagh were owner-occupied compared with 79.1% in 2016.
Castlereagh has 506 properties. Over the last 5 years, Houses in Castlereagh have seen a 91.73% increase in median value, while Units have seen a 29.31% increase. As at 31 October 2024:
- The median value for Houses in Castlereagh is $2,108,041 while the median value for Units is $673,138.
- Houses have a median rent of $1,000.
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