Magnificent Opportunity! 2 Km to Riverstone Train Station

Global RE is thrilled to bring to the market this amazing land with size around 1758m2. This vacant flat land already comprised of 6 separate lots that extends on 2 street frontage (Piccadilly St and Lincoln Ave); each lot enjoys 7.3m frontage and 40 meters depth. In order to develop it the following is required:

1- freshwater supply is passing at the front of the property, needs to be tapped in
2- the closest main sewer point is located on the corner of Lincoln Ave and Riverstone Road. the developer needs to bring sewer to the land by one of 2 options:
A- contact the neighbors between Riverstone Rd and Brighton St facing either Piccadilly St or Lincoln Ave to put an application with Sydney Water to construct it for free
B- the developers pay privately to bring the sewer main on their on cost
3- council requiring the new owner to developer a road that will cost the developer to loose both unit 14 and 15. However, the council shall compensate for that loss. the potential compensation still under study

once those 3 conditions satisfied, the land shall be ready to be developed with 4 separate remaining lots each one around 250m2 with resale value of 500k per lot; gross realization will be around 2mil conservatively on the land solo

the property is located in the throbbing heart of the ever growing suburb of Riverstone around 2Km to Riverstone Train Station and shops.

Potential buyers are urged to contract council and other concerned entities to validate the collected data. All information was gathered By Global RE via contacting Blacktown council and Sydney Water in June 2023