Blacktown's 160 apartment project is put on the market
A development in Sydney's Blacktown has been listed for JV or complete sale with existing DA approval for an 18 storey, 160 apartment site.
The Austcorp Property Group development, First on First, 2 - 6 First Avenue Blacktown is on the market through CBRE and Matrix Property Group.
Trevor Chappell, Austcorp Director said there is a price differential in Blacktown compared to Parramatta, where values have ballooned.
“Lucy Turnbull's Greater Sydney Commission (GSC) has designated Parramatta as Sydney's second CBD and noted it as the fastest growing CBD in the GSC's three cities concept for the Sydney metropolis," he said.
“First on First will be one of the first large scale developments in Blacktown under the new SEPP 65 rules, with high ceilings (2.7m or 9 feet), large balconies, storage for all apartments and excellent light and solar access."
Andrew Antonas, managing director, Matrix Property Managing Director, said First on First is designed to sell at prices affordable for typical Sydney first home buyers in a vibrant CBD location next door to a major rail station.
“Blacktown is booming with its expanding employment opportunities and is an education hub with its abundant public and private schools, University and TAFE."
The project has been designed by HBO+EMTB, with apartments ranging from $450,000 - $700,000.
Expressions of Interest close March 15, 2017.
