Expressions of Interest

Situated in Western Sydney's premier health and education precinct, this site offers a rare dual-track investment opportunity: secure income today, with DA-approved upside for tomorrow.

The land parcel of approximately 3,835 m² is Zoned MU1 – mixed use permitting a 3.5:1 FSR and 21.6m height limit. Importantly, the existing DA has been activated through preliminary works, ensuring the approval remains in force and development optionality preserved.

Approved Scheme

• 132 apartments across two 7 storey towers with a high quality apartment mix (~35 % one bedroom and ~65 % two bedroom).
• 161 basement car spaces over two levels
• Potential to reposition the scheme to align with build to rent, healthcare or affordable housing strategies.

Commercial Car Park
The site is generating consistent revenue as a managed commercial car park.

Management Agreement
Smart Access Solutions (HOA signed April 2025)

Total Revenue (May–Aug 2025) $38,547 (Actual)

Monthly Parker Growth

May: 353 (Partial)
June: 1,519
July: 2,058
August: 2,315

Tariff Increase $5 → $8 in July 2025 (60% increase, no drop in usage)
Current Forecast (Annualised) $180,000+ p.a. based on current usage & $8 tariff

Upside Scenario – 130 Bays Up to $270,400 gross revenue p.a.

Tariff Uplift Strategy

Increase tariffs
$10 $276,000
$12 $331,200
$15 $414,000

Key Takeaways for Investors

• Consistent Revenue Growth: Take up has increased month on month through word of mouth.
• Scalable Revenue: Clear path to scale income through rate increases and additional bay creation. 5 unmarked bays & potential to expand into Number 27 to create total of 130 bays.
• High Demand Location: Situated opposite Nepean Hospital with near-constant daily demand from hospital workers, patients, and students.
• Zero CapEx: All systems installed, maintained, and owned by operator – no hardware costs for owner.

Location & Context

• Directly opposite Nepean Hospital – part of a multi stage redevelopment exceeding $1 billion. Stage 1 (≈ $576 million) has delivered a new clinical services block, emergency department and more than 200 beds Stage 2, now under way, adds at least $450 million for a seven storey tower and expanded facilities
• Proximity to Western Sydney University (Kingswood campus), Kingswood Station, the Great Western Highway and M4 Motorway.
• Western Sydney International Airport, due to open in 2026, will further strengthen connectivity.
• Located within The Quarter – Penrith's health and education hub – with high demand for student accommodation, health services and residential apartments.

Planning Uplift Potential

Under recent Housing SEPP reforms, projects providing at least 15 % of gross floor area as affordable housing may qualify for a bonus of up to 30 % in FSR and building height and be assessed via the State Significant Development (SSD) pathway if the capital investment value exceeds $75 million.
This could boost the site's FSR from 3.5 : 1 to ≈ 4.55 : 1 and height from 21.6 m to ≈ 28.08 m, subject to design and approval.

DISCLAIMER
The information contained in this advertisement has been prepared by PRD Penrith Project Marketing Division.
While every effort has been made to ensure accuracy, PRD Penrith Project Marketing Division, its directors, employees and related entities:
• Make no representation or warranty as to the accuracy, reliability or completeness of the information provided
• Accept no liability for any loss, damage or expense arising from reliance on this information
• Recommend all prospective purchasers conduct their own independent due diligence, investigations and enquiries
• Advise that all development approvals, construction certificates, planning permits and council requirements should be independently verified with relevant authorities
All interested parties must satisfy themselves as to the accuracy of all information before making any commitment to purchase. This advertisement does not constitute legal, financial or development advice.