6B Connelly Street, PENSHURST NSW 2222
Total Area: 884 m2
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.
– 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.