Amira Property Investment Pty Ltd has purchased a 685sq m raw development site at 33 Lucerne Street, Belmore NSW from the Leigh Family of Belmore.
The site comprises a vacant residential dwelling on a regular shaped site totalling 685sq m* with a large rear garden and currently off-street parking for circa 2-3 cars*
The site presents an exciting residential development opportunity to provide 3-4 townhouses or residential apartments under the current R4 High Density Residential Zoning, in an attractive location surrounded by residential housing.
The deal was negotiated by Ollie Ridley and Nick Lower of Savills Australia who said the opportunity was highly sought after by residential developers looking to convert the site into a new townhouse or duplex development with aim to capitalise on the growth of Belmore.
The eventual purchaser was a prominent local residential developer who will develop the site into duplex homes.
Learn more about Savills Metropolitan & Regional Sales.