Property Description
5-ACRE R2 LOW DENSITY RESIDENTIAL DEVELOPMENT OPPORTUNITY IN NORTH WEST SYDNEY’S NEWEST PRECINCT
PRICE GUIDE: $5,500,000
Situated in the rapidly expanding North West Priority Growth Area, this prominent 5-acre, development opportunity in Vineyard (Stage 1) provides developers with an opportunity to capitalise on R2 Low Density Residential land with parts of Public Recreation for Passive Open Space (park). Conveniently located only minutes’ from Windsor Road, the proposed Outer Sydney Orbital and a short commute to Vineyard Rail Station and the future Sydney Metro Northwest.
Location, Density and Subdivision Potential
Adjacent to the fashionable Box Hill Precinct and only a 7-minute drive from Rouse Hill Town Centre, Vineyard (Stage 1) will provide newly rezoned development land for an additional 2,400 homes to accommodate approximately 7,400 residents. This exceptional R2 Low Density site is in within walking distance to the proposed primary school and the future village centre, shops and cafés.
In addition to the attractive location, the residential density yield for the site suggests 15-18 dwellings/hectare with a maximum building height not exceeding 9 metres.
Site Attributes and Characteristics
Providing 94 metres of road frontage to Commercial Road, the site has a depth of 263 metres (right boundary), and a rear boundary of 35 metres providing a total land area of 20,230m2 or 5 acres. With a northerly aspect, the land is slightly undulating falling towards the Killarney Chain of Ponds Creek with the entire site being above the 100:1 year flood line. In addition, the site contains a quality single-storey residence, in-ground pool, fully fenced tennis court, stable facilities and dressage arena. This sought after location has access to current and future services including connection to the Sydney Water Network, Telstra, NBN and single-phase electricity supply.
Development Details
The development upside for this site is impressive and all interested parties are encouraged to act fast to secure this outstanding R2 development opportunity. Possibilities for future residential use are detailed within State Environment Planning Policy (Sydney Region Growth Centres) Appendix 13 – Hawkesbury Growth Centres Precinct Plan and Development Control Plan (2018). Permissible uses detailed in the land-use table are not limited to, but include:
- Dwelling houses
- Group homes
- Neighbourhood shops
- Educational establishments
- Community facilities
- Respite day care centres
- Centre-based child care facilities
- Recreation facilities (indoor & outdoor)
- Exhibition villages
- Tourist & visitor accommodation
Summary of Fast Development Facts
Lot: 1
DP: 244901
Municipality/LGA: Hawkesbury City Council
Planning legislation: State Environment Planning Policy (Sydney Region Growth Centres) Appendix 13 – Hawkesbury Growth Centres Precinct Plan and Development Control Plan (2018).
Current land use: R2 Low Density Residential (approx. 12,422m2); RE1 – Passive Open Space (approx. 3,241m2); SP2 – Future Road Acquisition (approx. 4,567m2)
Total land area: 20,230m2 or 5 acres (2.023 hectares)
Net residential density yield: 15-18 dwellings/hectare
Total residential density yield: Subject to lot size, future acquisition of park/road and Hawkesbury City Council approval
Maximum height of buildings: 9 metres
Essential services: Connection to Sydney Water, Telstra, NBN and single phase electricity supply
Proximity to infrastructure: 1.2km Windsor Road, 2km Vineyard Train Station, 5.4km Riverstone Train Station, 8km Rouse Hill Town Centre, 9km Sydney Metro – Cudgegong Station, 15km Norwest Business Park, 18km Castle Hill, 26km Parramatta and 50km Sydney CBD
Section 7.11 Contributions: $65,748/lot
Hawkesbury City Council rates: $5,481 p.a
Sydney Water fixed rates: $90 p.a
Further Information
This outstanding opportunity presents developers with the prospect of securing premium R2 Low Density Residential land within the Vineyard Precinct, while exploring the vast array of possible development opportunities right in the heart of the thriving North West Priority Growth Area.
For more information on this exceptional development prospect, please contact Trent at Urban Greenfield today. Email [email protected] or call 1300 732 587.
Disclaimer: All information contained herein has been obtained from sources that Urban Greenfield believes to be reliable and accurate and is given in good faith. This information is of a general nature only. Therefore, Urban Greenfield gives no warranty as to its correctness, accuracy or suitability for individual circumstances, and any person using the information on this site is recommended to obtain independent expert and or legal advice that is tailored for their circumstances. Urban Greenfield its directors and staff, bear no responsibility to any company or person who relies upon the aforementioned information provided.
