OFF MARKET

252 Great Western Highway
Kingswood NSW 2747

Bedrooms: -
Bathrooms: -
Car spaces: 9
Floor area: 400m2
Land area: 574m2
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Property Details for 252 Great Western Hwy, Kingswood

252 Great Western Hwy, Kingswood is a 0 bedroom, 0 bathroom House with 9 parking spaces and was built in 2006. The property has a land size of 574m2 and floor size of 400m2. While the property is not currently for sale or for rent, it was last sold in September 2020.

Building Type
House
Year Built
2006
Floor Size
400m2
Land Size
574m2
Local Government
Penrith
Lot/Plan
29/DP656835

Last Listing description (September 2020)

DA Approved Mixed Use Site with income

Recently approved for a mixed use development, this ideally located property could support a range of buying options.


Option 1 - Develop with a lease back from the existing owners for the Retail/Commercial space.

Option 2 - Invest & generate a return from the existing 300sqm office space with potential for 2 residential apartments above.

Option 3 - Occupy & benefit from being directly across the road from the rapidly expanding Nepean Hospital & Medical precinct.



Yield - 30 Apartments plus 204sqm Retail/Commercial suite

Product Mix - Affordable Housing x 6

- 1 bed x 10

- 2 bed x 10

Consent Status - DA Approved

- DA Number 14/1108.04

- Date from which consent operates - 3rd May 2019

- Date the consent expires 3rd May 2024

Sale method - Expressions of Interest Closing Wednesday 15th July at 5pm

Legal Description

252 Great Western Highway, Kingswood
Lot 29 DP 656835

Site Area - 569sqm Approx
Frontage - 15.04m
Depth - 37.69m

Zoning - B4 Mixed Use

FSR - 4:1
Height Limit - 24m

Current Use - Owner occupied office premises of approx 300sqm with 2 upstairs apartments & secure parking spaces.
The current owners would agree to sign a lease to rent the premises with term & lease details to be agreed as part of the Expressions of Interest campaign.
Upstairs one of the apartments is used as storage & the other is in poor condition & would require some renovation to be habitable.
Internally the space is bright & modern with an open plan design.
Excellent exposure to the main road & directly opposite Nepean Hospital the property is ideally positioned for future growth.

Develop

Ideally postioned, boutique development site opposite Nepean Hospital & only a few minutes walk to Kingswood Railway Station.

Current owners will commit to a long term lease on the retail/commercial space for $60,000 per annum once the building is complete.

Potential to secure a lease for the 6 affordable apartments as part of the negotiations with the current owners.

Invest

The current building has office space, on the ground floor, of approx 300sqm that the current owners will lease back for $60,000 per annum.

Upstairs you will find 2 x 2 bed residential apartments. One of which is in a poor state of repair. With a little TLC you could generate an extra income of around $30,000 per annum.

The site has excellent fencing & security with rear lane access to 9 secures parking spaces.

Occupy

The location is directly opposite the rapidly expanding Nepean Hospital & surrounding medical precinct.

You would be hard pressed to find a stand alond building with such excellent facilities any where in the area.

Add to this the potential upside of development & you have an outstanding opportunity to future proof your business.


Basis of Sale:

Expressions of Interest closing Wednesday 15th July at 5pm.

Your interest must be expressed formally by completing the submission form on the link below.

Applications submitted after the closing date will not be considered.

Applications will be formally presented to the vendors on the closing date.

Priority will be given to those that offer the best sale terms as well as price.

Property History for 252 Great Western Hwy, Kingswood, NSW 2747

A timeline of how this property has performed in the market
Last Sold
$1,408,000
01 Sep 2020
Listed for Rent
$165/w
15 Apr 2008
  • 01 Sep 2020
    Sold for $1,408,000
  • 18 Jun 2020
    Listed for Sale $1,650,000
  • 22 May 2018
    Listed for Sale Expressions of Interest. DA approved 30 apts
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About Kingswood 2747

The size of Kingswood is approximately 5.3 square kilometres. It has 22 parks covering nearly 10.3% of total area. The population of Kingswood in 2011 was 9,107 people. By 2016 the population was 9,288 showing a population growth of 2.0% in the area during that time. The predominant age group in Kingswood is 20-29 years. Households in Kingswood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingswood work in a professional occupation. In 2011, 51.4% of the homes in Kingswood were owner-occupied compared with 44.9% in 2016.

Kingswood has 5,438 properties. Over the last 5 years, Houses in Kingswood have seen a 64.54% increase in median value, while Units have seen a 34.13% increase. As at 31 October 2024:

  • The median value for Houses in Kingswood is $984,991 while the median value for Units is $565,294.
  • Houses have a median rent of $550 while Units have a median rent of $465.
There are currently 43 properties listed for sale, and 22 properties listed for rent in Kingswood on OnTheHouse. According to CoreLogic's data, 264 properties were sold in the past 12 months in Kingswood.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.