Case Studies

57 Windsor Road, NORWEST NSW

DA APPROVED DEVELOPMENT SITE SALES ANALYSIS

Ray White Commercial NSW is pleased to announce this property has sold for $7,000,000 via a highly competitve Expressions of Interest (EOI) campaign. Following an unsuccessful off market offering with another agent our client followed our recommendations to formally take the property to the market and the results spoke for themselves with 5 EOI’s received. Yet again proving the benefits of creating competition via a proper on market sale process, real estate 101.

Additonal highlights include:
• Site area – 9,479m2*
• Zoned R3 Medium Density Residential
• DA approved for 28 townhouses.
• Section 4.55 (formerly Section 96) submitted, approval imminent
• Construction Certificate documentation ready for submission
• A full marketing campaign is prepared, including an onsite display suite
• Residential lands lots adjacent to the Castle Hill Country Club

* Approximate

Sale Analysis
Sale Price:$7,000,000
Sale Date:20 March 2019
Land Area:9,479sqm*
Zoning:R3 Meium Density Residential
Approved GFA:7,535sqm*
Approved NSW:4,453.9sqm*
Approved No.of Units:28
$/sqm of Land:$738.47*
$/sqm of GFA:$929.00*
$/unit site:$250,000
Sale Process:Two-Stage EOI
No. Of Enquiry :90+
No. Of Offers:5

* Approx

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