SOLD BY ROD MCIVOR AND JOSEPH VELLA AT AUCTION
GREAT INVESTMENT OPPORTUNITY IN PENRITH CBD
ENTIRE BLOCK OF APARTMENTS
Auction on site @ 2pm on the 19th of June 2021.
A rare offering, this entire block of 8 X 2-bedroom apartments, all set on 1150sqm(approx.) of land in the heart of the Penrith CBD, is to be sold in one line.
Offering exceptional investment prospect with potential for strata subdivision and/or the addition of more units (S.T.C.A) as the land is zoned R4 high density development.
It's currently tenanted but would certainly reward a modern renovation to maximise rent return. Each apartment is configured with well-appointed eat in kitchens, quietly separated generous sized bedrooms, internal laundry, and very spacious and warm living quarters that seamless flow through to the balcony ideal for entertaining family and guests.
Situated at the rear of the block is a generous concrete pad with carports provides parking for eight cars.
Desirable for its sought-after combination of convenience and investment opportunity as this property is located in the central Business District of Penrith City.
This block of apartments is a solid AAA investment with high rental returns and strong capital growth ideal for the self-managed super fund, the astute investor or developers taking advantage of the infrastructure investment by the state and federal governments associated with second Sydney Airport development and the significant upgrade of the Nepean District Hospital currently undertaken in the Penrith City.
Highlight Features:
+ 8 Apartments consisting of 2 bedrooms, 1 bathroom, 1 carport
+ This block of apartments is to be sold in one line.
+ Penrith CBD location
+ 1150sqm(approx.) 25.5 frontage, land size, R4 High density development
+ Not strata titled
+ Great sized apartments with balcony & internal laundry
+ Strong and consistent rental history.
+ Remodel and renovate opportunity.
+ High quality multi-unit asset
+ Potential gross income of $145K to $155K
+ Superb potential for future high-rise development or strata subdivision (S.T.C.A)
Plus, plenty more to see when you book an inspection....
Penrith is an exciting area with many delights for its residents, from top retail shopping to upmarket cafes and fine dining. It offers as much fun for families with the beautiful Nepean River, Penrith Lakes and white-water rafting stadium, The Penrith Panthers Club, I fly, Wake and Leisure water park, and much more.
Take advantage of the popular bridge to bridge walk around Nepean River, then enjoy a coffee or meal at the East bank precinct. These apartments are situated in the perfect location for every occupant to enjoy all the amenities and recreation this thriving and prosperous city has on offer.
This apartment complex is conveniently located within walking distance, a short drive or bus ride to Penrith CBD. Easy access to Western Sydney University, TAFE Campus, significantly Nepean District Hospital and Penrith Academic Selective High School.
Plenty of shopping facilities with Westfields Shopping Plaza and Nepean Shopping Village.
Easy access to public transport via Penrith train Station, bus services and to the M4 motorway.
Call Rod McIvor on 0433 189 715 or Joseph Vella on 0403 183 638 for further information regarding this extraordinary and rare opportunity.
***Please note, the photos used in this advertisement are general images of the development and may not be indicative of the actual apartment.
Disclaimer: All information contained herein is gathered from sources we believe to be reliable. We have not verified whether that information is accurate, and do not have any belief one way or the other in its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on.
All interested parties should make and rely upon their own inquiries to determine whether this information is, in fact, accurate.
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