172-184 & 188 Great Western Highway,
Westmead, NSW 2145
Other • Development Sites & Land
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
CBRE - Western Sydney
Level 4 10-14 Smith StreetPARRAMATTA, NSW 2150
172-184 & 188 Great Western Highway
Westmead, NSW 2145
Map
109 UNITS TO BE SOLD IN ONE LINE
- Gross Income: $2,236,260* P.A
- 109 Total Units: Mix of 1, 2 & 3 bed
- Sell Down, Add Value, Reposition Rents
CBRE, as the exclusive selling agent, on behalf of 'Daniel Walley and Martin Ford of PwC Australia as Receivers and Managers of West 88 Pty Ltd', is pleased to present a fantastic trophy investment opportunity in the heart of Western Sydney.
The property comprises the following:
- Six level residential apartment building with 2 levels of basement parking
- 109 residential units with the following mix: 18 x 1 Bed, 73 x 2 Bed, 18 x 3 Bed.
This significant income generating asset provides the ability to strata subdivide and sell off, reposition rents and value add.
172-184 & 188 Great Western Highway, Westmead benefits from the following key attributes:
- Total of 109 Torrens Title 1-, 2- and 3-bedroom residential apartments
- Generating a current gross rental income of $2,236,260* Per Annum
- Potential for strata subdivision and sell down of individual units
- Value add potential for repositioning of rental in line with market and or increase through NDIS SDA accommodation
- 29 units (approx 26% of total units) have been allocated for NDIS SDA accommodation with 26 assessed units
- Land Area: 172-184 Great Western Highway - 4,042sqm* & 188 Great Western Highway - 617sqm*
- Desirable Location – proximity to Westmead Hospital, Westmead Health Precinct, Future Charter Hall Innovation Quarter, Westmead Train Station, Future Westmead Metro Station, Parramatta CBD, Westfield Shopping Centre Parramatta, Western Sydney University
- Easy Access to M4 Motorway Eastbound & Westbound
- Bus T-way on the doorstep providing access to Parramatta CBD, and future Westmead light rail station & metro station just moments away
172-184 & 188 Great Western Highway, Westmead will be made available for sale by way of Expressions of Interest closing Thursday 31 March 2022 at 3:00pm
Inspections to be held by appointment as per COVID-19 Greater Sydney restriction requirements. 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.
Disclaimer: The vendor reserves the right to sell 172-184 Great Western Highway, Westmead excluding 188 Great Western Highway, Westmead if it chooses to do so.
The property comprises the following:
- Six level residential apartment building with 2 levels of basement parking
- 109 residential units with the following mix: 18 x 1 Bed, 73 x 2 Bed, 18 x 3 Bed.
This significant income generating asset provides the ability to strata subdivide and sell off, reposition rents and value add.
172-184 & 188 Great Western Highway, Westmead benefits from the following key attributes:
- Total of 109 Torrens Title 1-, 2- and 3-bedroom residential apartments
- Generating a current gross rental income of $2,236,260* Per Annum
- Potential for strata subdivision and sell down of individual units
- Value add potential for repositioning of rental in line with market and or increase through NDIS SDA accommodation
- 29 units (approx 26% of total units) have been allocated for NDIS SDA accommodation with 26 assessed units
- Land Area: 172-184 Great Western Highway - 4,042sqm* & 188 Great Western Highway - 617sqm*
- Desirable Location – proximity to Westmead Hospital, Westmead Health Precinct, Future Charter Hall Innovation Quarter, Westmead Train Station, Future Westmead Metro Station, Parramatta CBD, Westfield Shopping Centre Parramatta, Western Sydney University
- Easy Access to M4 Motorway Eastbound & Westbound
- Bus T-way on the doorstep providing access to Parramatta CBD, and future Westmead light rail station & metro station just moments away
172-184 & 188 Great Western Highway, Westmead will be made available for sale by way of Expressions of Interest closing Thursday 31 March 2022 at 3:00pm
Inspections to be held by appointment as per COVID-19 Greater Sydney restriction requirements. 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.
Disclaimer: The vendor reserves the right to sell 172-184 Great Western Highway, Westmead excluding 188 Great Western Highway, Westmead if it chooses to do so.
Property ID: 504014667Last Updated: 29 Nov 2022
CBRE - Western SydneyLevel 4 10-14 Smith Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
More properties from CBRE - Western Sydney
Other properties you might be interested in based on the location and property type you are looking at.
