147 DERBY STREET

Welcome to 147 Derby Street, Penrith - a rare opportunity to secure a prime R4 zoned development site in one of Penrith's most sought-after growth corridors. With the adjoining property at 145 Derby Street also available for purchase, buyers have the unique opportunity to secure one or both sites side by side in the heart of Penrith CBD. Situated in a street renowned for future growth and redevelopment, this property presents exceptional potential for developers, investors and landbankers looking to capitalise on the continued transformation of Penrith. The existing dwelling is not considered habitable and the property is being offered as a development opportunity with substantial future upside. Please note: The dwelling has been fire damaged and may need demolishing. Location Highlights: - Prime Derby Street location within the Penrith CBD growth precinct - Zoned R4 High Density Residential - Suitable for a range of future developments including apartments, medical facilities, childcare centres and boarding houses (STCA) - Similar surrounding properties 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 substantial combined frontage and site area - Significant government and private investment continuing throughout the Penrith CBD Property Details 147 Derby Street (approx.): Land Size: 682.6sqm Frontage: 14.94m Depth: 45.72m Combined Land Details 145 & 147 Derby Street (approx.): Total Site Area: 1,378.5sqm Combined Frontage: 30.14m Depth: 45.72m Opportunities like this are becoming increasingly difficult to secure within Penrith's rapidly evolving CBD precinct. Whether you are looking to redevelop immediately or secure a strategic landholding for the future, this property offers outstanding potential in a high-growth location. For further information, please contact Joseph Vella on 0403 183 638 or Rod McIvor on 0433 189 715. Disclaimer: The above information has been gathered from sources that we believe are reliable. However, we cannot guarantee the accuracy of this information and nor do we accept responsibility for its accuracy. Any interested parties should rely on their own enquiries and judgment to determine the accuracy of this information for their own purposes. Images are for illustrative and design purposes only and do not represent the final product or finishes