Prime development opportunity in the heart of Campsie CBD - 77 and 79 Evaline Street Campsie

This is a unique chance to secure two adjacent properties offering a combined 1200m2 (approx) of prime development land in one purchase.

The ongoing revitalisation of the Campsie-Bankstown corridor and proposed council planning changes mean there are a range of potential options for redevelopment.

The Campsie revitalisation plan includes provision for more midrise and highrise development throughout the Campsie CBD. These 2 properties could be the corner stone of a significant new project in the heart of a new, modern, Campsie CBD.

The most recent draft of the Campsie Master Plan has these two properties identified for re-zoning to allow an increase in building height and an uplift in floor space ratio. The properties also sit adjacent to a site where there is a planned project for a 15 storey mixed use building containing ground floor retail with residential apartments above.

The properties are located approximately 500 meters from Campsie train station and just a short walk from Campsie's main street and main shopping precinct - Beamish Street.
Both properties currently contain large, freestanding, 4 bedroom single story houses and are tenanted. They will be sold subject to those existing tenancies which are currently netting a combined $1200/pw in rental income. The current lease agreements expire in March 2023 for number 79 and February 2023 for number 77.

Inspection is by appointment only Monday to Saturday. Contracts available on request.

NOTE: This sale includes both 77 and 79 Evaline Street and the contracts are interdependent.

The Auction scheduled for 29/10 has been postponed. The new auction date will be updated once it's scheduled.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.