Added 2 days ago
1 Tornaros Avenue,
Penrith, NSW 2750
Shops & Retail • Medical & Consulting • Offices
Added 2 days ago
Price information
Sale - Auction Wed 20 Nov
AUCTION
Key property information
Land area
Floor area
Car spaces
Zoning
Tenure type
Auction
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to arrange a private inspection.
RWC - Western Sydney
15-17 Argyle StreetPARRAMATTA, NSW 2150
1 Tornaros Avenue
Penrith, NSW 2750
Map of 1 Tornaros Avenue
Train stations within 5 km of 1 Tornaros Avenue, Penrith, NSW 2750 Distance Penrith Station 1.2 km Kingswood Station 1.6 km Emu Plains Station 3.4 km Werrington Station 5 km POWERED BY HERE ©Bus stops within 5 km of 1 Tornaros Avenue, Penrith, NSW 2750 Distance Derby St After Doonmore St 96 m Derby St at Doonmore St 132 m Derby St Before Hand Av 198 m Derby St at Hand Av 227 m Evan St at Jipp St 278 m POWERED BY HERE ©
POWERED BY HERE ©
Brand New 12 Room Boarding House
- 12 High Quality Rooms
- Completed Construction August 2024
- Net Passing Income of $233,302*
RWC Western Sydney is pleased to present 1 Tornaros Avenue, Penrith, for sale via Auction.
This is an exceptional opportunity to capitalise on this newly constructed boarding house. It features 12 generous, high-quality self-contained rooms, complimented with a shared communal area.
Construction was recently completed in August 2024. The property spans across 2 levels with ground level parking, generating a net annual income of $233,302*.
This investment is perfectly positioned to benefit from the existing shortage in housing, low vacancy rates, and increasing migration. Take advantage of the significant depreciation benefits of this property.
Additional highlights of the property are outlined below:
• 12 High Quality Rooms (5x double or 5x single rooms & 2x accessible rooms)
• Each room is fully equipped with appliances, including a washer-dryer combo, cooktop, range hood, drawer dishwasher, and microwave.
• Significant depreciation benefits
• Land tax exemptions applicable
• Site Area 701.9m2*
• Offered Below replacement Value
• Five (5) secure ground level car spaces
• Two (2) secure ground level motorbike spaces
• Equipped with CCTV and a video security intercom system.
• All rooms feature split system air-conditioners and built-in wardrobes.
• An outstanding long-term investment located in a rapidly expanding area.
• Close proximity to Nepean Hospital, Western Sydney University & Penrith CBD.
• Vendor Ready to meet the market.
The property will be offered for Auction, onsite Wednesday 20 November 2024 at 12:30pm.
For more information, please contact the below exclusive selling agents.
* Approximately
This is an exceptional opportunity to capitalise on this newly constructed boarding house. It features 12 generous, high-quality self-contained rooms, complimented with a shared communal area.
Construction was recently completed in August 2024. The property spans across 2 levels with ground level parking, generating a net annual income of $233,302*.
This investment is perfectly positioned to benefit from the existing shortage in housing, low vacancy rates, and increasing migration. Take advantage of the significant depreciation benefits of this property.
Additional highlights of the property are outlined below:
• 12 High Quality Rooms (5x double or 5x single rooms & 2x accessible rooms)
• Each room is fully equipped with appliances, including a washer-dryer combo, cooktop, range hood, drawer dishwasher, and microwave.
• Significant depreciation benefits
• Land tax exemptions applicable
• Site Area 701.9m2*
• Offered Below replacement Value
• Five (5) secure ground level car spaces
• Two (2) secure ground level motorbike spaces
• Equipped with CCTV and a video security intercom system.
• All rooms feature split system air-conditioners and built-in wardrobes.
• An outstanding long-term investment located in a rapidly expanding area.
• Close proximity to Nepean Hospital, Western Sydney University & Penrith CBD.
• Vendor Ready to meet the market.
The property will be offered for Auction, onsite Wednesday 20 November 2024 at 12:30pm.
For more information, please contact the below exclusive selling agents.
* Approximately
Additional information
External websites
Property ID: 504716056Last Updated: 18 Oct 2024
RWC - Western Sydney 15-17 Argyle Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
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