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12 apartments to be sold in one-line with endless possibilities

Address

6B Connelly Street, PENSHURST NSW 2222

Size

Total Area: 884 m2

Details

I.B Property is pleased to offer this development/investment opportunity in Penshurst. Consisting of 12 generous apartments all with parking, this property presents a unique opportunity to value add via refurbishment, strata or develop (STCA).
Well presented, this unit block features 9x 2 bedroom aparments and 3x 1 bedroom apartments with balconies and car spaces. With favourable R4 High Density Residential zoning & 12m height limit, there is future development potential.

Key Highlights
– 12 apartments to be sold in one-line
– Strata upside
– Large land area of 886sqm* with development upside (STCA)
– Under rented complex with projected gross income of $245,000 per annum
– Ideal location with railway station across the road
– 2km from Westfield Hurstville.

Price

For Sale POA

Property Type

Other

Contact

  • Adam Droubi
  • P. 9221 3333
  • M. 0420 807 090
Contact Now

Contact

  • Steffan Ippolito
  • Director
  • M. 0403 347 111
Contact Now