CBRE as the exclusive sales agents are pleased to present to the market 2-4 & 6 Haynes Street and 12 Thurston Street, Penrith. The property represents a great opportunity to acquire two apartment blocks providing 18 2-bed units alongside a single residential dwelling on 2,615sqm*.
2-4 & 6 Haynes Street and 12 Thurston Street, Penrith benefits from the following key attributes:
-Substantial $267,972.57* Combined current gross income over the properties providing stable long term passive income
-Significant 2,615sqm* combined site area in a key West Sydney growth precinct
-Favourable R4 High Density Residential zoning permitting 15m height limit with no specified FSR allowing for potential further development upside (STCA)
-Proximity to several key locations including Westfield Penrith, Western Sydney University Kingswood, Penrith and Kingswood Train Station and Napean Hospital
-Opportunity for rental reversion in a low vacancy market allowing for rental uplift with a estimated fully leased market gross income of $320,678.57*
-Part of the West Sydney growth precinct with several key NSW led developments in the pipeline benefitting the area
2-4 & 6 Haynes Street and 12 Thurston Street, Penrith will be sold via Expression of Interest closing Thursday, 13th October 2022 at 4:00pm AEST
Please enquire directly with the exclusive agents to arrange a private viewing.
for more information or to request access to the due diligence room, please contact the exclusive selling agents.
Approx*
