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Key Facts

Tenure Type Freehold
Land Area

Property Description

JLL is delighted to offer for sale Penny’s Village - a fantastic development opportunity in the inner north western suburb of Pennington.

 

Penny’s Village comprises a large parcel of residential infill land with full subdivision approval for 46 residential allotments. The cleared and leveled 12,400*sqm site has had significant storm water infrastructure already installed and is ready for development.

 

Situated just 9* kilometres from the CBD and 6* kilometres from the beach, Penny’s Village provides the opportunity for developers/builders to take advantage of the pre-development work that has been undertaken, all of which will be provided to the successful purchaser, including the onsite sales office and all intellectual property such as marketing collateral and purchaser database.

 

Astute developers and builders will recognise the sizeable investment of time and resources required in getting a site ‘shovel ready’ and therefore we anticipate this offering will generate strong interest from local and interstate developers and builders.


Penny’s Village is offered for sale by Expression of Interest closing Friday 3 April 2020 at 2pm. Please contact exclusive agents JLL for the full due diligence pack.


*Approximately

Investment Highlights

  • Fantastic development opportunity
  • Large parcel of residential infill land
  • 12,400*sqm site
Jed Harley
Director, Capital Markets Transactions
Roger Klem
Head of Sales & Investments - SA

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