20,22,24 Parmal Avenue, Padstow NSW 2211

Red Carpet Event | Wednesday 7th September, Revesby Workers Club (2B Brett St, Revesby) at 6:30pm. Registrations from 6:00pm.

An exceptional opportunity for the developer or investor looking to make their mark in an ultra convenient community setting, this is an offering that is truly once in a lifetime. With 3 properties totalling 2187.80sqm (approximate) on a level parcel with a 42.22m frontage, there is incredible scope for development, subject to approval.

Presented to the market for the first time in 34 years, all three original residences combined return approximately $70k per year. 20 Parmal Ave has 2 bedrooms, 1 bathroom, 1 car, 22 Parmal Ave has 3 bedrooms, 1 bathroom, 1 car, while 24 Parmal Ave has 2 bedrooms, 1 bathroom, 1 car.

A rare chance to land bank with the potential for a future R4 rezoning with a 4 storey limit and 1:1 ratio (STCA), the properties rest in a blue ribbon community just 450m to the heart of Padstow train station, schools and shopping, and also minutes to the M5.

Features include:

- 3 homes totalling 2187.80sqm (approximate) on a level parcel
- To be sold in one line, 42.22m frontage, rear northern aspect
- Presented to the market for the first time in over three decades
- With a current combined return of approximately $70k per year
- Offering incredible scope for development, subject to approval
- Rare chance to land bank with potential for future R4 rezoning
- Future possible zoning with 4 storey limit and 1:1 ratio (STCA)
- 20 Parmal Ave has 2 bedrooms, 1 bathroom, 1 parking space
- 22 Parmal Ave has 3 bedrooms, 1 bathroom, 1 parking space
- 24 Parmal Ave has 2 bedrooms, 1 bathroom, 1 parking space
- Set in a blue ribbon community just 450m to Padstow station