101 Lock Street, Blacktown, NSW 2148

DA Approved Retirement Village

29-Unit Independent Living Development

Here's a rare chance to buy a ready-to-go retirement village development site in Western Sydney, one of the fastest-growing areas of Sydney.

The site is approved for 29 independent living units, perfect for seniors who want a secure, low-maintenance home while staying part of a local community.

Because the Development Approval is already in place, construction can start as soon as a Construction Certificate is issued.

TOTAL SITE
99 & 101 Lock St & 53 Pendant St = Over 3000m2

EACH LOT
99 Lock St = 910.5m2 (frontage 13.715m)
101 Lock St = 1492m2 (frontage 14.66m)
53 Pendant St = 613.4m2 (frontage 15.24m)

This opportunity is ideal for:

· Retirement village operators looking to expand

· Property developers experienced in medium-density or seniors housing

· Community housing providers

· Investors looking for exposure to the growing retirement living sector

Key Highlights

· DA approval for a 29-unit retirement village. Can easily be modified to 31-unit.

· Strong demand from downsizers and older residents in Western Sydney

· Can operate under a 99-year lease or licence model

· Attractive potential for upfront ingoing contributions

· Close to hospitals, shops, public transport, and community facilities

· Catchment population of 65+ years is growing rapidly

The property is ready for a boutique retirement village.

It's designed for seniors who want independent living, but with access to communal spaces and support services.

Approved features include:

· 29 units (mix of studios, one-bedrooms, and two-bedrooms)

· Communal amenities and landscaped gardens

· On-site resident parking

· Accessibility-compliant design

This development ticks all the boxes for modern retirement living, meeting NSW planning and seniors housing requirements.

Location

The site is in Blacktown, right in the heart of a growth corridor in Western Sydney.

Residents will have easy access to:

· Hospitals and medical centres

· Shopping centres and retail precincts

· Public transport and main roads

· Parks, community spaces, and recreational facilities

It's a location that balances convenience with community, perfect for seniors who want to downsize without leaving the area they know.

Market Opportunity

Why this works for investors and operators:

· Australia's 65+ population is growing rapidly, especially in Western Sydney

· Many homeowners want to downsize from larger homes but stay local

· There is a limited supply of new retirement villages, so demand outstrips supply

· Independent living options are increasingly popular because they offer freedom and community


How Retirement Villages Work

Incoming Contributions: Residents pay an upfront amount to secure a lease or licence for their home.

Monthly Levies: Cover things like:

· Village management

· Maintenance and landscaping

· Insurance

· Utilities and shared services

Deferred Management Fee (DMF): When a resident leaves, the operator receives a fee based on length of stay-providing long-term income for operators.


Planning & Approvals

The site comes with a Development Approval already in place, meaning less risk for buyers.

Key frameworks include:

· Retirement Villages Act 1999 (NSW) – governs operations and contracts

· Environmental Planning & Assessment Act 1979 (NSW) – planning and development rules

· Blacktown City Council consent

Buyers should still do their own due diligence, particularly around conditions of consent.

This is a DA-approved development site, ready for the next buyer to bring it to life.

Qualified buyers will have access to:

· Development consent (DA)

· Architectural drawings

· Planning reports

· Survey plans

· Title search and ownership details

A data room may be set up for serious buyers.


Who Will Be Interested?

· Retirement Village Operators: Expanding in Western Sydney

· Developers: Experienced in seniors or medium-density housing

· Community Housing Providers: Not-for-profit operators

· Private Investors: Looking for retirement living exposure


Why This Opportunity is Valuable

· Development approval already in place – minimal planning risk

· Strong demographic demand for retirement living

· Boutique village scale – manageable and desirable

· Proven business model for retirement villages

· Potential to stage construction to suit cash flow or market conditions

This site is a ready-to-go retirement village project in a high-growth area with strong fundamentals.

Disclaimer: We have been furnished with the above information, however, Laing + Simmons - Blacktown Property Agents gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.

Type

House

Bedrooms

9

Bathrooms

3

Parkings

3

Area

3,015 m²