239 Pennant Hills RoadThornleigh NSW 2120
Property Details for 239 Pennant Hills Rd, Thornleigh
Last Listing description (February 2023)
GJS Property are pleased to present to market the opportunity to purchase a vacant 1,519m2 lot with DA approval to construct a Specialist Disability Accommodation (SDA) complex in Sydney's northern suburbs located amongst quality amenity and on major rail, bus and road arterials.
The approved DA gives the ability to build a 6-apartment complex that can specifically cater for up to 12 tenants with disabilities and provide the convenience of living independently within the community. Significantly, once the property is tenanted, the astute developer, builder or investor will have an opportunity to capitalise on the high rental returns on offer via the Federal Government's National Disability Insurance Scheme (NDIS), which legislates that the government pays the majority of each tenants rent.
As construction is approved to commence, the successful purchaser can utilise DA approved plans and all regulatory and government approvals from the current owner. The opportunity beckons for the boutique builder, NDIS provider or investor to kick start this project and benefit from potential risk-free returns.
The property will be sold via Expressions of Interest closing on Thursday 23rd March 2023.
For more information, please contact the exclusive agent, Tim Paxton from GJS Property.
Property History for 239 Pennant Hills Rd, Thornleigh, NSW 2120
- 27 Nov 2023Sold for $2,475,000
- 20 Feb 2023Listed for Sale Contact Agent
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0About Thornleigh 2120
The size of Thornleigh is approximately 3.9 square kilometres. It has 21 parks covering nearly 19.2% of total area. The population of Thornleigh in 2011 was 8,114 people. By 2016 the population was 8,459 showing a population growth of 4.3% in the area during that time. The predominant age group in Thornleigh is 40-49 years. Households in Thornleigh are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Thornleigh work in a professional occupation. In 2011, 80% of the homes in Thornleigh were owner-occupied compared with 77.9% in 2016.
Thornleigh has 4,004 properties. Over the last 5 years, Houses in Thornleigh have seen a 62.03% increase in median value, while Units have seen a 19.34% increase. As at 31 October 2024:
- The median value for Houses in Thornleigh is $1,875,482 while the median value for Units is $1,055,655.
- Houses have a median rent of $795 while Units have a median rent of $700.
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