Case Studies

Package 1 and Package 2 Lord Sheffield Cct PENRITH NSW 2229

Ray White Commercial NSW worked in conjunction with Urban Growth NSW to present lots 210 & 211 (“Package 1”) together with Lots 2101 & 2102 (“Package 2”) of the Thornton Estate, Penrith as for sale to the market via an Expression of Interest Campaign.

Comprising of four adjoining apartment sites in Thornton, located adjacent to Penrith Station. The four sites range in size from 2,448m2 to 3,445m2 and have the potential for around 260 apartments.

Each lot had been cleared, levelled and serviced and is ready for development (subject to approval from relevant authorities). UrbanGrowth NSW hadprepared concept plans which show a potential for 146 apartments (Package 1), and 121 apartments (Package 2). These concepts were prepared as a guide to demonstrate indicative yields and design solutions.

Thornton meets a growing demand for a transit oriented, urban lifestyle in Sydney’s west. Residents of Thornton will be close to all the shops, transport options and entertainment they would expect from an urban lifestyle, plus the estate also includes a picturesque oval, an inclusive playground, pedestrian and cycle paths and plenty of open space.

Features include:
– Zoned R1 Residential and B2 Local Centre
– Regular express trains can be taken to Parramatta
– Close to Penrith Railway Station & Westfield

The property attracted significant interest from a large purchasing pool looking
to capitalise on the growth opportunity that the Penrith precinct has to offer.

Sales Analysis*
Sale Price:Confidential
Vendor:UrbanGrowth NSW
Purchaser:Urban Apartments
Zoning:R1 Residential and B2 Local Centre
Municipality:Penrith City Council
Height Limit:30 metres
Site Area:12,066m²*
Sales Process*
Sale Date:4 December 2015
Sale Type:Expression of Interest
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