This is a prime development site for a high-quality, architecturally designed Shared Living Apartment Complex at 10 Skye Street, Morisset, NSW. This site is being offered 'Subject to Council Approvals' (STCA)

Capitalise on the severe housing shortage and Morisset's status as a Regionally Significant Growth Area and Emerging Regional Centre to secure an investment offering unparalleled scale and high long-term value in this strategic growth corridor.

Key Features & Investor Benefits

Financial & Development
• High Unit Count: Proposed plans detail 22 units (7 Ground Floor, 15 First Floor) on a substantial 1,416m2 site.
• Potential High Yield: Estimated rental income suggests $350 - $375 per unit, per week, subject to market forces.*
• Strong GAI Potential: Potential Gross Annual Income (GAI) ranges from $399,800 to $429,000 at full occupancy.**
• High-Demand Asset: The Shared Living/Co-living (Multiple Dwelling) format is perfectly suited to meet the demand for modern, affordable rental accommodation in the tight Morisset market.

Location & Growth
• Major Growth Area: Morisset is forecasted by Council to receive an influx of 12,000+ new residents over the next two decades, driving perpetual rental demand.
• Exceptional Connectivity: Direct access to the Morisset Train Station and major transport links, appealing to commuters.
• Future Economic Hub: Strategically positioned near the proposed Cedar Mill tourism and event space development, a significant regional employment driver.
• Strategic Planning: The property benefits from the area's guidance under the Morisset Place Strategy, which aims to foster local job creation and future development.

This is a rare opportunity to acquire a shovel-ready project (STCA) designed for the future of Morisset's high-yield rental market.

Contact Ben Lawson on 0412 552 024 to arrange a private consultation on the DA documentation or for further details.


Disclaimer: (STCA = Subject to Council Approvals) The above information includes details derived from preliminary DA plans, which are FOR AUTHORITY APPROVAL ONLY and NOT FOR CONSTRUCTION. The final approved plans and unit count may vary, and interested parties must conduct their own inquiries and due diligence. *The estimated rent of $350 - $375 per unit, per week is based on current market demand and is subject to change. **The GAI Potential Gross Annual Income (GAI) is an estimate only based on full occupancy is subject to market demand and change.