32 Railway Parade, Mittagong NSW 2575

Price Guide $1,550,000 - $1,650,000

3 beds

2 baths

1 parking

Prime Childcare & Multi Dwelling Development Opportunity

Positioned in central Mittagong, 32 Railway Parade offers an opportunity to secure a refurbished home with substantial rear land and several potential development pathways. Set on approximately 1,125sqm of level land with R3 Medium Density Residential zoning, the property also comes with DA approval for an 83-place childcare centre.

With the existing residence positioned towards the front of the block, there is potential to subdivide and sell the home separately, releasing capital while retaining the rear land for future development, (STCA). For buyers considering a staged investment, this presents an opportunity to landbank the rear portion and explore the addition of three two-storey townhouses while retaining the existing home, (STCA).

The recently refurbished residence features three bedrooms, two bathrooms, an updated kitchen and a 13.7kW solar system. It offers immediate scope for occupation or rental income while subdivision and development plans are explored.

Alternatively, the approved childcare development provides another pathway for the site, with plans for a two-storey, 83-place centre incorporating dedicated learning rooms, outdoor play spaces and basement parking for 24 vehicles.

Approximately 100 metres from Mittagong railway station and within walking distance of the town centre, schools and shops, this is a versatile opportunity for developers, childcare operators and investors seeking both immediate use and longer-term potential.

Property Highlights:

• Approximately 1,125sqm of level land with a north-facing aspect
• R3 Medium Density Residential zoning
• Potential to subdivide and sell the existing home, retaining the rear land for future development (STCA)
• Potential to retain the residence and develop three two-storey townhouses (STCA)
• DA approval for an 83-place childcare centre with 24 basement car spaces
• Refurbished three-bedroom, two-bathroom residence with a 13.7kW solar system
• Approximately 100 metres from Mittagong railway station

Subdivision, separate sale of the existing residence and townhouse development are subject to council approval.

Disclaimer:
All information in this advertisement is provided in good faith and sourced from parties we believe to be reliable. However, we make no representation or warranty as to its accuracy or completeness. Prospective purchasers should conduct their own investigations and enquiries to verify any information of interest. All dimensions are approximate. Some images may have been digitally enhanced, staged, or styled and may not represent the property's actual appearance.

Property Details

• Type: House
• Bedrooms: 3
• Bathrooms: 2
• Other Parking: 1
• Land Area: 1,125 m² (approx)