Bella Vista apartment development site for sale

A development site with existing approval for an apartment development has hit the market
Bella Vista apartment development site for sale
Jonathan ChancellorAugust 26, 2021
A Bella Vista site with development approval for 109 apartments across three buildings, has been listed fr sale in Sydney's nrth west. It will provide more than 18,800sq m of gross floor area in total upon completion. Knight Frank agents Mark Litwin, Grant Bulpett and Dominic Ong have been appointed to market the property by Jonathan Henry, Barry Kogan, Jason Ireland and Jason Preston of McGrathNicol, as receivers and managers of the Mortgagee. Mr Litwin said it was a significant development opportunity in an R1 zone with approved gross floor area that is "unable to be repeated." “You can’t repeat this DA currently as the density control has changed since it was approved. “There’s over 18,000sqm of gross floor area across this development, which benefits from intelligent design to include spacious, flexible interiors that people want these days, particularly in apartment buildings. “More than 80 per cent of the units in the approved plan are two-bedroom units with an office, and each unit has two parking spaces, with underground parking provided for.” Litwin said the apartments would attract owner occupiers, growing local families, and the emerging ‘Work From Home’ demographic. The Bella Vista train station is just 750 metres away, connecting residents to nearby major employment centres such as Norwest and Macquarie Park, as well as retail and lifestyle centres including Castle Hill and Rouse Hill Town Centre. Offers are due September 30.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks