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Peacefully tucked away in a "battle-axe" block behind townhouse developments, this property offers privacy, tranquility and quiet leafy surrounds.
With scope to renovate or re-develop (subject to council approval), this four bedroom, 2 bathroom home is the last of it's kind on Busaco Road.
Conveniently located just a short walk to Macquarie University & Macquarie Shopping Centre. Sought after Cheltham Girls High School and Epping Boys High School catchment location.
Zoned R4 High density, approximately 854sqm, this land is prime for future re-development.
Approx. 15mins walk to Macquarie University this under-capitalised plot of land can be redevelopment such as units, townhouses or a 'New Generation' boarding house/ student accommodation (Subject to council approval).
The current 4 bedroom, 2 bathroom home with Double lock-up garage & In-ground pool whilst in need of love and care, can be easily renovated to a beautiful family home.
Key development Highlights
R4 High Density residential zoning
Floor to space ratio 1:1
Site area (approx.) 854sqm
Max Building height: 9.5 metres
Further potential of bonus FSR of 0.5:1 under Affordable Housing SEPP (Total FSR of 1.5:1 on the site after the bonus is applied yields a GFA 1,281sqm)
For more information, visit the NSW government website via the link below:
https://www.facs.nsw.gov.au/providers/housing/affordable/develop/chapters/floor-space-incentives
Land tax exemption also available for boarding house developments.
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