Western Property April 7 2023

PENRITH RSL GETS APPROVAL FOR $30M UPGRADE

Penrith RSL has been given the go-ahead by Penrith City Council to start $30 million worth of upgrades to the club.

The Development Application (DA) that was submitted six months ago includes plans for new retail tenancies, a function space and dining area.

Located at the corner of Lethbridge and Castlereagh Street with street frontage on Tindale Street, Penrith RSL has operated on the site since the early 1960s and has undergone significant redevelopment since.

The Statement of Environmental Effects (SEE) said that the proposal was seeking to demolish some external parts of the club such as some car parking and walkways to make way for a two-storey extension.

Penrith RSL CEO Neel Chand told Western Property that there was a need to expand once again.

“The club has grown a lot over the last 10 years and our membership has grown big time, so we need new facilities,” Chand said.

“We always had a plan to do something big, but the time is now, and it has worked out well for timing as the city expands.”

With the SEE stating that there will be some new additions throughout the space to improve the overall establishment, Chand said that the bulk of the work will be new.

“In the first stage we will have a 500-seat auditorium, a function area, balcony and bar,

and the other new component will be a 470-seat restaurant that will have a fairly decent alfresco area attached to it.

“Our function space will be large and could be divided into three sections as a multi-purpose space for different events.

“All of this is additional footprint and space to complement the club for members and the Penrith community.”

The existing buffet and cafes will remain while a bar will be merged with a gaming area.

“We will be able to host weddings, concerts, exhibitions, expos and conferences in the new spaces,” Chand said.

“In addition, the foyer is going to be renovated and we will have new shop fronts as well.”

The proposed works are set to remove a total of 45 car spaces but traffic surveys confirmed that substantial spare car parking capacity is readily available.

The project is expected to begin construction by July.

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ORAN PARK

FINALAPARTMENTS NOW SELLING ACT NOW!

This is your last opportunity to secure a luxury apartment in the prestigious Metro precinct, centrally positioned in the heart of the Oran Park community.

Generously sized, these 3-bedroom apartments feature ample floor space, sophisticated style and the finest finishes.

Built in partnership with the award-winning Allen Jack + Cottier Architects and currently under construction with Richard Crookes Construction, the residences are completed to a high standard with:

• Miele oven, gas cooktop, rangehood, built-in microwave oven and dishwasher plus striking Parisi tapware, tinted mirror splashback and Caesarstone benchtop centrepiece

• Ceramic tile floor throughout with carpet to bedrooms

Apartment G.03

Interior 111sqm

Exterior 33sqm

Total 144sqm

9043 7500

Apartment 3.10

Interior 108sqm

Exterior 23sqm

Total 131sqm

Price $819,500

MORE THAN JUST A HOME, IT’S A LIFESTYLE!

What is so great about this property?

Large five bedroom home with separate two entertaining areas, large outdoor alfresco, tennis court / basketball court, inground pool, three stables and six fenced paddocks. Large sheds suited to store mechanical machinery, the cement drive is graded for truck weight,

dam, bore, irrigation and town water access, electricity, solar panels, three phase power to sheds.

Who does this property suit?

This beautiful property is suited to a growing family looking for the perfect lifestyle, the driveway is suited to hold heavy machinery and trucks. Horse

lovers as it has three stables or shelters in six paddocks.

Tell us about the suburb the property is in?

Castlereagh has a rural slow-paced feel, while only 15 minutes (12.5km estimate) from the heart of Penrith. This property was not flood effected by any of the recent flooding.

LITTLE TO FEAR WHEN IT COMES TO OUR BANKS

Amid concern about the collapse of banks in the United States and the downfall of the world’s largest investment bank, Swiss Government-backed Credit Suisse, it is comforting that the banking sector in Australia remains on solid foundations.

The possibility of banks going bust in the same manner as the Silicon Valley Bank in the US is unlikely to happen in Australia due to the structure of banking and regulatory incentives put in place by the banking watchdog, the Australian Prudential Regulation Authority (APRA).

APRA Chairman John Lonsdale told a banking summit in Sydney that Australia was not infected with the same kinds of issues being seen in the US and Switzerland.

“We might be connected, but their issues and problems are not necessarily ours,” he said.

“It’s also why, as new challenges present — whether climate, cyber or sharply rising interest rates — you can trust that APRA will act decisively to help keep deposits safe.”

Nick Sherry, the financial services minister in the Rudd Labor government at the time of the Global Financial Crisis (GFC) and involved in moves to safeguard Australian institutions, said regulators and governments are now more aware and are better prepared.

“There’s a much greater level of understanding of the risk to banks,” he said.

“There’s a great deal of cooperation, understanding, globally, as well as at the national level.”

Created in the late 1990s, APRA focuses on the overall stability of the financial system in Australia.

“Since the formation of APRA, no Australian has ever lost even one cent of their retail deposit,” said Michael Lawrence, Chief Executive Officer of the Customer Owned Banking Association, which represents 58 institutions including credit unions, mutual banks and building societies.

During the GFC in 2008, the Federal Government introduced the financial claims scheme (FCS) to protect deposit holders if financial institutions fail. It covers all Authorised Deposit-taking Institutions (ADIs) – that’s banks, building societies and credit unions, as well as policyholders from general insurance providers –and means customers will have their money reimbursed by up to $250,000 should the banks go under.

glenmorepark

PERFECT FOR THE FAMILY OR INVESTOR

4 1 2 1

This property is perfectly positioned with easy access to the Glenmore Park shopping centre, schools, family friendly parks and transport.

All four bedrooms have carpet with three bedrooms having built-in robes. The main bedroom has a ceiling fan and direct access to the bathroom. The family room has a split air conditioning system, and direct access to the outdoor under cover entertainment area overlooking the stunning in-ground pool and grassed rear yard. You will enjoy entertaining friends and family as the kitchen with a stainless steel oven perfectly located in the centre of the home between both front lounge room and rear family room.

Other features include floating floorboards, three-way bathroom, second toilet off the laundry, internal access from the garage, large covered outdoor entertainment area and side access with a stunning in-ground pool.

Shannon Cooney J.P

Licenced Real Estate Agent

Glenmore Park Realty

M: 0421 588 445

E: shannon@glenmoreparkrealty.com.au

4733 1222

Shop 7B Glenmore Park Town Centre Glenmore Parkway Glenmore Park

Servicing Glenmore Park, Penrith LGA, Silverdale and Warragamba

ASK YOUR LOCAL EXPERT in property maintenance

THINGS TO CONSIDER FOR YOUR

After weeks spent checking out the latest and greatest bathroom inspiration on social media, on the phone organising and ordering anything from your dream tiles to the perfect bathtub, it’s finally time to organise your tradies and get all your ducks in a row.

Here’s a guide of what happens when:

. Strip-out can take up to two or three days;

Builder does any structural work or repairs water damage, if needed;

Carpenter will make any modifications necessary;

. Plumber will ‘rough in’ pipes and drainage. If you’re not moving your bath, shower or vanity, this won’t take long;

. Electrician will ‘rough in’ the wiring;

. Tiler comes in to prepare the floor and walls;

Waterproofing – your waterproofer will tell you how long the curing process takes

. Vanity and storage cabinets will be installed

Plumber and electrician do your fit-outs (up to three days)

. Final clean and inspection.

Like any investment, the one you make in solar is one that you want to keep an eye on over time. It’s important to know how your system is performing; because of course, if it’s not doing so well, it can significantly impact the cost of your electricity bills.

This is where monitoring software like Solar Analytics come in handy, because in addition to tracking and analysing your daily energy usage and production; the program can alert you to any problems that may arise with your system, so you can have them attended to promptly. Solar Analytics is also set up to help you automatically find the best electricity plan for your home or business; and with all of the data that it collects about your day-to-day consumption, it is able to provide you with a thorough recommendation on a battery storage system - so put simply, we couldn’t recommend it more!

One of the simplest ways to save money on your pool is to invest in a pool blanket. Some pool owners only use their pool blanket during the cooler months, but there are plenty of advantages for using them throughout the whole year.

• Water Conservation: Using a pool blanket assists in reduced water usage. A pool blanket will block excess heat from reaching the water and also trap moisture, so it doesn’t evaporate into the air.

• Cleaner Pool: A pool blanket keeps leaves, dirt and animals out of the water.

• Energy Savings: A pool blanket keeps heat IN the pool, you will save money and electricity by not using your heating system as often.

• Chemical Reduction: Reduce the amount of maintenance chemicals needed

• Safety benefits: Pool covers and blankets lowers the risk of accidental falls or drowning

Poolwerx Emu Plains can provide expert tips to keep your pool in tip top shape all year round.

YOUR LOCAL SOLAR SYSTEM & BATTERY STORAGE SPECIALIST

REAL ESTATE FLASHBACK

Thanks to the State Library of NSW, we look back at the Nepean Theatre, which once stood proudly on High Street in Penrith.

THE DRESS CIRCLE FOYER OF THE NEPEAN THEATRE IN 1948.

THE OUTSIDE OF THE THEATRE ON HIGH STREET.

A SHOT OF THE THEATRE IN THE 1950S.

THE VIEW FROM THE STALLS IN 1948.

INSIDE THE ICONIC NEPEAN THEATRE.