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"&lt;div&gt;&lt;strong&gt;\u200BSYDNEY, 28&amp;#160;October, 2013&lt;/strong&gt; \u2013 A medium-density residential site in the increasingly popular residential area of Rosehill is announced to the market. The property is located opposite Rosehill Gardens Race Course, at 9-11 Weston Street, and features close access to Parramatta CBD.&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;The transaction is being managed by Jones Lang LaSalle\u2019s Director, Sales and Investments Jeff Moxham and Executive Scott Timbrell.&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;Mr Moxham said there is a strong interest from local developers and Asian investors and developers for apartments in sites in the area.&amp;#160;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;\u201CWe\u2019re expecting strong interest \u2013 particularly from local developers but also from Asian investors and developers. Rosehill is an evolving residential suburb in the heart of Western Sydney.&amp;#160;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;\u201CThe properties on Weston Street are extremely well positioned, with easy access to public transport, major arterial roads as well as the major centre of Parramatta.&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;\u201CThe development of Parramatta as Sydney\u2019s second CBD has been a driving force in the increased popularity of Rosehill,\u201D said Mr Moxham.&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;The property consists of two separate titles being sold together to form a residential development site. The 3,125 square metre site at 9 Weston Street currently consists of a two-storey residential unit building, while 11 Weston Street comprises a large, single-storey home.&amp;#160;&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;Mr Moxham said the site is ideal for a residential development. \u201CThere is currently a Development Application in place for 68 units, with approval imminent.&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;\u201CTogether, 9 and 11 Weston Street properties form a regular-shaped parcel of land. It\u2019s positioned on a quiet residential street to the west of James Ruse Drive, with a large, 40-metre frontage to Weston Street. This will ensure ease of access for any future residential development.&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;\u201CThe property also has a close proximity to a number of facilities that will prove attractive to investors,\u201D said Mr Moxham.&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;The site is located close to Rosehill Train Station, with the M4 Motorway and Victoria Road within 2 km from the property. Westfield Parramatta, Parramatta Stadium and schools including Rosehill Secondary College are all situated close by.&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;Mr Timbrell said the area is in the R4 \u2013 High Density Residential zoning area as per the Parramatta Local&lt;/div&gt;&lt;div&gt;Environmental Plan (LEP) 2011.&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;&lt;div&gt;\u201CThis zoning is expected to see the street \u2013 currently filled with older-style houses \u2013 revamped to feature new medium-rise residential apartment towers in the coming years,\u201D concluded Mr Timbrell.&lt;/div&gt;&lt;div&gt;&lt;br&gt;&lt;/div&gt;"^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.jll.com.au/australia/en-au/news/592/rosehill-residential-site-is-announced-to-the-market>