35-37 Shadforth Street
Wiley Park, NSW 2195

The property is situated in the highly desirable Canterbury-Bankstown Council area, approximately 15 kilometers from Sydney's central business district. This region is experiencing significant population growth, making it an attractive location for investment and development.

This offering comprises two solid brick and tile homes located in a sought-after part of Wiley Park, within the Transit Oriented Development (TOD) zone. The site benefits from High-Density R4 Zoning, presenting a rare opportunity for a boutique development project in a prime location with strong potential for capital growth.

The development is DA approved for a boarding house consisting of 40 self-contained studio apartments, some featuring balconies. The design includes a large ground-level manager's room and basement car parking spaces, enhancing the functionality and appeal of the project.

Located on Shadforth Street, the property is positioned in the heart of Wiley Park, an area well-serviced by public transport including a train station and regular bus services within a five-minute walk. The surrounding neighborhood offers a variety of shops, restaurants, and cafes, contributing to a vibrant community atmosphere.

The projected income upon completion is approximately $730,000 per annum, highlighting the strong income potential of this long-term investment opportunity.

Currently, the site features two houses: 35 Shadforth Street, a three-bedroom house with one bathroom, and 37 Shadforth Street, also a three-bedroom house with one bathroom. The total land area is 1,126 square meters, providing ample space for the approved development.

This property represents an excellent opportunity for investors or developers seeking to capitalize on the growth and development potential within the Wiley Park area, supported by favorable zoning and a strategic location close to Sydney's CBD.

Land Use Zone: R4 High-Density Residential.

Overall, this site offers a unique combination of location, zoning, and development approval, making it a compelling proposition for those looking to undertake a significant residential development project in a thriving suburb.