CBRE, as the exclusive sales agent, is pleased to present to the market, 58 Moore Street, Campbelltown. This property presents an exciting opportunity to acquire a DA approved co-living establishment in proximity to Western Sydney University and Campbelltown Train Station. 58 Moore Street, Campbelltown benefits from the following key attributes; - Development approved for a 24-room co-living development + on-site parking - Currently improved as a house being rented out at $400 per week - Estimated gross market income of $374,400* p.a. at full occupancy - Favourable planning controls including R3 Medium Density Residential zoning and a 9 metre height of building limit - Positioned to take advantage of South-West Sydney’s rental boom with vacancy rates in the Campbelltown region at 0.6%* with upcoming extra inbound pressure from the expansion of the permanent migrant cap - Within 800m* of Campbelltown Train Station & Campbelltown Shopping Centre - Additional $2b financing lifeline via the Federal Budget in social and affordable housing will allow developers to work with federal and state governments to introduce this sub-sector into their portfolios 58 Moore Street, Campbelltown will be offered for sale via an Expressions of Interest closing on Wednesday, the 16th of October, 2024 at 4:00pm. For more information or to request access to the due diligence room, please contact the exclusive selling agents. *Approx.
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