145 DERBY STREET

Welcome to 145 Derby Street, Penrith - an exceptional opportunity to secure a prime R4 zoned property in one of Penrith's most tightly held growth locations. With the neighbouring property at 147 Derby Street also available for purchase, buyers have the rare opportunity to secure one or both adjoining sites in the heart of Penrith CBD. Situated within a street renowned for future growth and redevelopment, this property presents outstanding potential for investors, developers and landbankers alike. The existing home offers immediate rental appeal with the potential to generate a strong rental return while future plans are considered, making this an excellent opportunity to secure both short and long-term value. Features you'll love: - Spacious four-bedroom home with generous proportions throughout - Main bedroom complete with private ensuite - Additional well-appointed bathroom servicing the home - Multiple living areas offering flexibility for families or tenants - Modern kitchen featuring dishwasher and walk-in pantry - Dedicated dining area perfect for family meals and entertaining - Ducted air conditioning providing year-round comfort - Sunroom ideal as an entertaining area or additional living space - Deck overlooking the backyard for relaxed outdoor living - Large storeroom plus backyard shed for additional storage - Secure lock-up garage with extra storage space - Excellent investment opportunity with potential rental return of approximately $600$650 per week Location Highlights: - Positioned on one of Penrith's most desirable streets for future growth - Zoned R4 High Density Residential - Suitable for a range of future developments including apartments, medical facilities, childcare centres and boarding houses (STCA) - Similar surrounding sites have already been redeveloped into multi-level residential and commercial projects - Located approximately 500m from Nepean Hospital - Surrounded by established medical and commercial businesses - Opportunity to secure two adjoining sites with significant development potential - Strong potential for consistent rental income while planning future redevelopment Property Details 145 Derby Street (approx.): Land Size: 695.6sqm Frontage: 15.24m Depth: 45.72m Combined Land Details 145 & 147 Derby Street (approx.): Total Site Area: 1,378.5sqm Combined Frontage: 30.14m Depth: 45.72m With substantial government and private investment continuing throughout Penrith, opportunities of this calibre are becoming increasingly difficult to secure. Whether you are looking to invest, lease out, redevelop or landbank for the future (STCA), this property offers flexibility, location and exceptional long-term potential. For further information, please contact Joseph Vella on 0403 183 638 or Rod McIvor on 0433 189 715. Disclaimer: All information contained herein has been obtained from sources deemed reliable. However, we cannot guarantee its accuracy and interested parties should rely on their own enquiries and investigations. Images are for illustrative purposes only and do not represent the final product or finishes.