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Address available on request St Marys, NSW 2760

Address available on request,
St Marys, NSW 2760

Hotel, Motel & Leisure • Development Sites & Land • Shops & Retail

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Outstanding Residential Investment - Established Metropolitan Suburb

16 Residential Dwellings (14x3-bedroom and 2x4 bedroom);
One title;
Net passing income of $169,680*pa; and
Strata approved.

LOCATION

The subject property is located on the northern side of Lonsdale Street, St Marys, between its junctions with Mamre Road and Collins Street.

St Marys is located on the eastern side of the Penrith Local Government Area. The M4 Motorway forms its southern boundary.

The subject property is located approximately:

50km west of Sydney CBD.
25km west of Parramatta CBD.
8km west of the M7 West link.

SITUATION

LONSDALE STREET

Lonsdale Street and its immediate surrounds comprises a well maintained and tightly held residential suburb predominantly made up of detached family homes.

M4 (WESTERN MOTORWAY)

The M4 (Western Motorway) is located a short distance to the south and provides easy vehicular access to Penrith to the west and the M7 (Westlink) to the east.

DESCRIPTION

IMPROVEMENTS

Consists of 14x3 bedroom dwellings and 2x4 bedroom dwellings; and
Each unit has a double lock-up garage.

TENURE

The estimated income for June 2010 is summarised as follows:

Rental Income:
16 Units: $18,616
1 Vacancy: $0

Expenses:
Utilities: ($2,069)
Repairs & Maintenance: ($2,407)

Net Income: $14,140

TITLE DETAILS

Lot 2 in Deposited Plan 844668.
The property is strata approved.

SITE AREA

7,363sqm*

TOPOGRAPHY

A reasonably level gradient.

PLANNING

LOCAL AUTHORITY

Penrith City Council
T: +61 2 4732 7777 F: +61 2 4732 7958
601 High Street, Penrith, NSW, 2571
www.penrithcity.nsw.gov.au

LOCAL ENVIRONMENTAL PLAN

Penrith Local Environmental Plan 1998.

ZONING

2(c) Residential.

DEVELOPMENT CONTROL PLAN

Penrith Development Control Plan 2006.

METHOD OF SALE

The property is to be sold by Public Auction at 10:30am on Tuesday the 21st of September 2010.

INSEPCTIONS

Tuesdays and Thursdays at 2.30pm if confirmed at least 24 hours in advance.

AUCTION LOCATION

The Sydney Auction Centre, 55 Harrington Street (The Rocks), Sydney NSW 2000.

*Approx.

Property ID: 5694015Last Updated: 5 Dec 2013

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This information is supplied by realestate.com.au (ABN 21 080 195 535) on behalf of Proptrack Pty Ltd (ABN 43 127 386 298). Copyright and Legal Disclaimers about Property Data.
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Address available on request
St Marys, NSW 2760

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