Description

A rare, consolidated development opportunity in one of Sydney’s fast-growing South-West precincts. Located at 46, 48 & 50 Meredith Street, Bankstown, this substantial site offers an ideal foundation for a quality residential or mixed-use development (STCA), supported by favourable planning controls and a prime position close to Bankstown’s evolving CBD, transport, and everyday amenities.

Offered for sale via Expressions of Interest, the property spans a generous 3,103 sqm (frontage 50.04m x depth 62.92m) and is currently improved with three dwellings. The site enjoys excellent connectivity, with Bankstown Central, Bankstown Train Station, University of Western Sydney, Future Metro & Bankstown Hospital as well as Local schools, sporting facilities and major arterial roads all within close proximity making it an Ideal site for HDA and or SSD Uplift subject to the relevant approvals.

- 650m to Bankstown Train Station
- Walking distance to various bus routes
- 700m to Bankstown Central and local cafes
- 6 minute drive to Bankstown Hospital
- 450m to University of Western Sydney Bankstown Campus.
- Bankstown Metro scheduled in near future

Zoned Mixed Use with a current FSR of approximately 3:1 (with a previous approval at 2.5:1), the site benefits from a lapsed Development Approval for a mixed residential project, clearly demonstrating the scale and development outcome achievable.

The former approval included:

- 7 Story Mixed use building with 102 residential dwellings & 120sqm of ground-floor commercial space
- 126 car spaces across 2 basements of parking.

Designed with a build-and-hold strategy in mind, the approved scheme focused on well-sized apartments and a strong long-term income profile. With its scale, flexibility and established planning precedent, this site presents an outstanding opportunity for developers and investors looking to capitalise on Bankstown’s continued growth.