Purchase Details
Purchase price: $3.36 million
Net passing yield: NA
$/m2 land area: $166/m2
Property Features
- Acreage with a small residential building.
- Well located to arterial freeways joining various districts of Sydney.
- This agricultural zoned land presented a significant saving to the client compared to industrial land.
- Well located within 50km west of Sydney CBD
How Did Prosper Group Assist Their Client?
Acting on behalf of an owner occupier, our brief was to a source Industrial land for our clients landscaping business, allowing truck parking and product storage.
Through the assessment process it was identified our client's use allowed them to occupy agriculture zoned land. Resulting in a significant saving on the purchase price, compared to industrial zoned land.
Located in Shanes Park is a small, semi-rural suburb in Greater Western Sydney, located 50 km west of the Sydney CBD across the Blacktown and Penrith local government areas.
This property was presented for Auction with six active bidders competing to purchase the property. Prosper Group enabled our client to acquire the property at Auction after completing a Due Diligence process.