101 Lock Street

DA Approved Retirement Village 29-Unit Independent Living Development Here's a rare chance to buy a ready-to-go retirement village development site in Western Sydney, one of the fastest-growing areas of Sydney. The site is approved for 29 independent living units, perfect for seniors who want a secure, low-maintenance home while staying part of a local community. Because the Development Approval is already in place, construction can start as soon as a Construction Certificate is issued. TOTAL SITE 99 & 101 Lock St & 53 Pendant St = Over 3000m2 EACH LOT 99 Lock St = 910.5m2 (frontage 13.715m) 101 Lock St = 1492m2 (frontage 14.66m) 53 Pendant St = 613.4m2 (frontage 15.24m) This opportunity is ideal for: · Retirement village operators looking to expand · Property developers experienced in medium-density or seniors housing · Community housing providers · Investors looking for exposure to the growing retirement living sector Key Highlights · DA approval for a 29-unit retirement village. Can easily be modified to 31-unit. · Strong demand from downsizers and older residents in Western Sydney · Can operate under a 99-year lease or licence model · Attractive potential for upfront ingoing contributions · Close to hospitals, shops, public transport, and community facilities · Catchment population of 65+ years is growing rapidly The property is ready for a boutique retirement village. It's designed for seniors who want independent living, but with access to communal spaces and support services. Approved features include: · 29 units (mix of studios, one-bedrooms, and two-bedrooms) · Communal amenities and landscaped gardens · On-site resident parking · Accessibility-compliant design This development ticks all the boxes for modern retirement living, meeting NSW planning and seniors housing requirements. Location The site is in Blacktown, right in the heart of a growth corridor in Western Sydney. Residents will have easy access to: · Hospitals and medical centres · Shopping centres and retail precincts · Public transport and main roads · Parks, community spaces, and recreational facilities It's a location that balances convenience with community, perfect for seniors who want to downsize without leaving the area they know. Market Opportunity Why this works for investors and operators: · Australia's 65+ population is growing rapidly, especially in Western Sydney · Many homeowners want to downsize from larger homes but stay local · There is a limited supply of new retirement villages, so demand outstrips supply · Independent living options are increasingly popular because they offer freedom and community How Retirement Villages Work Incoming Contributions: Residents pay an upfront amount to secure a lease or licence for their home. Monthly Levies: Cover things like: · Village management · Maintenance and landscaping · Insurance · Utilities and shared services Deferred Management Fee (DMF): When a resident leaves, the operator receives a fee based on length of stay-providing long-term income for operators. Planning & Approvals The site comes with a Development Approval already in place, meaning less risk for buyers. Key frameworks include: · Retirement Villages Act 1999 (NSW) governs operations and contracts · Environmental Planning & Assessment Act 1979 (NSW) planning and development rules · Blacktown City Council consent Buyers should still do their own due diligence, particularly around conditions of consent. This is a DA-approved development site, ready for the next buyer to bring it to life. Qualified buyers will have access to: · Development consent (DA) · Architectural drawings · Planning reports · Survey plans · Title search and ownership details A data room may be set up for serious buyers. Who Will Be Interested? · Retirement Village Operators: Expanding in Western Sydney · Developers: Experienced in seniors or medium-density housing · Community Housing Providers: Not-for-profit operators · Private Investors: Looking for retirement living exposure Why This Opportunity is Valuable · Development approval already in place minimal planning risk · Strong demographic demand for retirement living · Boutique village scale manageable and desirable · Proven business model for retirement villages · Potential to stage construction to suit cash flow or market conditions This site is a ready-to-go retirement village project in a high-growth area with strong fundamentals. Disclaimer: We have been furnished with the above information, however, Laing + Simmons - Blacktown Property Agents gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.