Ray White Commercial (SC) is proud to present to market this premium DA approved childcare centre development site in Sydney's rapidly expanding south western suburbs. The property will be offered for sale via Auction on Tuesday 5 July 2022, unless sold prior.

This development opportunity has a DA approval for a 64 place childcare centre with on grade parking (no basement required). The site is located at the prime location between two primary schools - 270m* to Picton Public School and 930m* to St Anthony's Catholic Primary School, and has convenient access to Picton Station and Town Centre. Picton is forecast to be one of Greater Sydney's key residential growth regions. Population is expected to be approximately some 45,000 new residents over the 2021--2041 period, equating to around 2,200 new residents per annum^.

This property presents an excellent entry level opportunity for developers, builders and investors looking for a long term 'set and forget' asset.

Additional highlights of the asset include:

• DA approved for a 64 place childcare centre
• Land size 1,341sqm*
• GFA of 410sqm*
• On grade parking, no basement required
• Large population growth expected in this area
• 270m* to Picton Public School and 930m* to St Anthony's Catholic Primary School
• 650m* to Picton Station

The property will be sold via Auction on Tuesday, 5 July 2022 at 10:30am (AEST). The Auction will be held at auctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney.

For further information, please contact the exclusive selling agents.

* Approximately
^ Source NSW Department of Planning, Industry and Environment (2019)