20,22,24 Parmal Avenue, Padstow, NSW 2211

For Sale by Expression Of Interest Closing Tuesday 18th March 2025 at 5:00pm AEST

An unprecedented opportunity has emerged in the heart of Padstow-the first DA-approved unit development in the area is now on offer. This R4-zoned, blue-ribbon site presents a prime investment for developers looking to capitalize on a high-growth location. Approved for a four-storey residential unit complex with a single-level basement and total GFA of 2,859sqm, the project comprises 12 x 1-bedroom, 17 x 2-bedroom, and 6 x 3-bedroom apartments, making it a versatile and highly desirable development prospect to rent or to on sell. 

Spanning 2,202.6 (approx.) across three properties, this level parcel features an expansive 43m frontage and a rear northern aspect. To be sold in one line, this premier site offers outstanding potential for those seeking a seamless transition from approval to construction. With the groundwork set and a well-designed layout catering to a diverse buyer demographic, this is a rare chance to shape the future of this thriving community. Be the first to construct and reap the awards.

Ideally positioned just 550m from Padstow train station, Woolworths/shopping precincts, and quality schools, this site ensures strong appeal for future residents. Easy access to the M5 further enhances its convenience, making it a highly sought-after address for commuters and families alike. Whether you're an experienced developer or an astute investor, this development opportunity is not to be missed.

Key Features:
- First DA-approved unit development site in Padstow
- DA-approved for 35 apartments – mix of 1, 2 & 3 beds
- 12 x 1-bedroom, 17 x 2-bedroom, and 6 x 3-bedroom apartments
- Four-storey height with a single-level basement
- Three properties on total GFA of 2,859sqm
- 43m frontage, rear northern aspect
- 550m to train station, shops & schools; minutes to M5
- To be sold in one line – rare, high-growth opportunity
- Total combined rental return of approximately $88,400 p/a