2 Magpie Street, McDougalls Hill, NSW 2330

For sale by Expressions of Interest closing 4th July 2024 at 4pm AEST

Situated on a substantial site area of 5,882 square meters, 2 Magpie Street is a prime investment property currently occupied by Singleton Self Storage and GB Auto Group. The property is fully let, ensuring a solid income stream.

Singleton Self Storage offers 43 units, with development approval secured for 27 additional units, which can be added without affecting any of the existing dwellings. This presents a significant opportunity for further income generation and growth.

Key features include:
- 43 existing units with DA approval for 27 further units
- Generating $171,388* net per annum + GST
- Site Area of 5,882sqm 
- 1 of 3 storage facilities in Singleton and surrounding with a waiting list to lease a storage unit

*Approximately