1-13/7 Houison Street

Westmead NSW 2145

911.1 m²

Block of units

Currently for sale - view listing

Overview

Fully Leased Residential Complex | 13 Apartments in a Single Acquisition

Laing & Simmons Merrylands is pleased to present 1-13/7 Houison Street Westmead NSW 2145. A rare offering of scale and substance, this entire block of thirteen (13) units presents an exceptional opportunity to acquire a high-performing residential investment in one line. Delivering strong holding income and substantial upside, the property offers investors seeking both immediate returns and long-term capital appreciation. - Prime corner block position with total area of 911.1sqm with 22.81m frontage (approx.) - Combination of 10 x 2-bedroom apartments, 2 x 1-bedroom apartments and 1 x studio apartment with entry on Booth Street - All apartments enjoy modern finishes throughout including kitchens with gas cooking and stone bench tops plus open plan living and dining areas - Secure basement car park with one (1) allocated parking spot for each apartment plus visitor parking spaces - Ideally suited for land banking or investors looking for strong yield in a rapidly expanding precinct - Currently returning $437,420 per annum with potential scope to increase to approximately $462,800 per annum - Zoned R4 High Density with floor space ratio of 1.2:1 and height limit of 15 metres - Approximately 1.3km to Westmead train station and light rail, 1.7km to Westmead Hospital and Medical Precinct - Centralised location within close proximity to Parramatta CBD, only 1.3km to Westfield Parramatta and 1.7km to Parramatta train station - Approximate current outgoings: Water levies: $3039.57 per quarter | Council levies: $2672.03 per quarter | Insurance: $8,800 per annum | Land Tax: $29,200 per annum Laing & Simmons Merrylands and its directors, employees and related entities believe that the information contained herein is gathered from sources we deem to be reliable. However, no representation or warranties of any nature whatsoever are given, intended or implied. Any interested parties should rely on their own inquiries.