On behalf of Costa Nicodemou of Newpoint Advisory as Receiver & Manager, the property is offered ‘in-one-line’ via an Expressions of Interest campaign closing at 2:00pm, Thursday, 10 October 2024. Key investment highlights: - 44 apartments and 4 retail shops within a modern development completed circa 2019 - Mixture of 1, 2 and 3 bedroom apartments all with parking - Majority leased to NSW Land & Housing Corporation, a AAA rated Government tenant that has been in occupation since building completion - Gross passing income exceeding $1,450,000 per annum - Fully leased gross market income expected to exceed $1,530,000 per annum - Basement parking for 69 cars - Large internal areas with well apportioned layouts, superior in size to comparable developments - Strata subdivided which gives ultimate flexibility and liquidity - Within 400 metres* of Stockland Merrylands and 800m* of Merrylands Station - Only 50 metres* to local bus routes and nestled between Holroyd, Parramatta and Guildford - Situated in a competitive rental and sales market with strong anticipated rental yield and sales realisation For further information don’t hesitate to contact the exclusive selling agents.
Email enquiry to Colliers - Sydney
Properti ID: 504684224