20,22,24 Parmal Avenue,
Padstow, NSW 2211
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Map of 20,22,24 Parmal Avenue
3 Properties To Be Sold In One Line On 2187.80sqm (approx.)
Red Carpet Event | Wednesday 24th August 2022, 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
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
Padstow, 2211 demographic data
The median household income for Padstow is $1,891, 9% lower than Greater Sydney's household income of $2,077. Padstow has an older age profile compared to the rest of Greater Sydney (median age 40 vs 37). Property ownership data shows 49% of property owners in Padstow have a mortgage.
14,017
Population
$1,891 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
20,22,24 Parmal Avenue
Padstow, NSW 2211
Detailed listing
LJ Hooker - Padstow 2 Padstow Pde
PADSTOW, NSW 2211
PADSTOW, NSW 2211
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