1 Kennett Place
Glenfield, NSW 2167

This property offers an excellent opportunity for investors and developers seeking a rare landbank in a rapidly growing area. Located on a substantial 822 square meter parcel of land, it is zoned R4 High Density Residential, providing significant potential for future development, subject to council approval.

The existing home is neat and tidy, featuring two bedrooms, a combined lounge and dining area, one bathroom, and an internal laundry. It is currently leased to a reliable tenant who has occupied the property for over four years, paying $400 per week, making it an attractive investment option.

Key development and investment highlights include:

• Zoned R4 - High Density Residential, allowing for multi-unit development possibilities.
• Permits construction up to 33 meters in height.
• Floor Space Ratio (FSR) of 2.56:1, enabling substantial building area relative to the land size.
• Exceptional potential for multi-unit development, ideal for astute investors and developers.
• Prime location just 175 meters from Glenfield Train Station, offering unbeatable access and future growth prospects.

This property represents an excellent land banking opportunity. Buyers can secure a prime piece of Glenfield real estate now and benefit from the area's anticipated growth and development potential in the future. Properties with such upside potential in this location are rare, making this an opportunity not to be missed.