CPG

SOLD PRIOR TO AUCTION BY BEN PANA & RYAN MCMAHON – FRUITFUL FREESTANDING INVESTMENT WITH UPSIDE

11 Penshurst Street, PENSHURST Sale Price: Auction: 7th April 2022 6pm Back to result(s)

Property Details :

CPG are pleased to present for sale via public auction “11 Penshurst St, Penshurst” – Ideal for the shrewd investor looking to take full advantage of a strong tenancy and a quality rental income, as well as offering potential for future “Value Add” & “Upside”.

Properties like this are rarely offered to the market, particularly within the tightly held Penshurst Street. This property boasts all of the following & so much more:

* Rear lane access and on-site parking at the rear of the of the property.
* Established long term tenancy with a lease in place until 30th June 2025, with a further 5-year option. The tenant is currently paying $46,928.57 P.A. Gross + GST with the tenant paying the water usage and services costs.
* 60 meters from Penshurst Railway Station and close to bus routes connecting you to all parts of Sydney
* Huge Foot Traffic and presence via the busy Penshurst Street
* Potential for future upside: Look to build a 2nd story residential or commercial unit above, or the potential of being amalgamated with a number of adjoining properties to create a “mixed use” development site. (S.T.C.A)
* Central to Sydney – Located just 3.1km to the M5 motorway entrance and exit and just 1.5km to the Hurstville CBD
* Solid brick construction! – They don’t build them like this anymore!

Open for Inspection: Wednesday’s 11:30am – 12:00pm.

Auction: 7th April 2022 6pm at 3/56 Kitchener Parade, Bankstown

Ben Panayotopoulos
0430 140 683
benp@commercial.net.au

Ryan McMahon
0429 228 460
ryanm@cpgsouth.com.au

  • Property Size:130m2
  • Land Area:266m2
  • Zoning:B2: Local Centre
  • Availability:Sold

Contact Details

Ben Panayotopoulos M: 0430 140 683 E: Email Agent

Office Details

Level 3, 56 Kitchener Pde Bankstown NSW 2200

Make an enquiry

    Property Details

    CPG are pleased to present for sale via public auction “11 Penshurst St, Penshurst” – Ideal for the shrewd investor looking to take full advantage of a strong tenancy and a quality rental income, as well as offering potential for future “Value Add” & “Upside”.

    Properties like this are rarely offered to the market, particularly within the tightly held Penshurst Street. This property boasts all of the following & so much more:

    * Rear lane access and on-site parking at the rear of the of the property.
    * Established long term tenancy with a lease in place until 30th June 2025, with a further 5-year option. The tenant is currently paying $46,928.57 P.A. Gross + GST with the tenant paying the water usage and services costs.
    * 60 meters from Penshurst Railway Station and close to bus routes connecting you to all parts of Sydney
    * Huge Foot Traffic and presence via the busy Penshurst Street
    * Potential for future upside: Look to build a 2nd story residential or commercial unit above, or the potential of being amalgamated with a number of adjoining properties to create a “mixed use” development site. (S.T.C.A)
    * Central to Sydney – Located just 3.1km to the M5 motorway entrance and exit and just 1.5km to the Hurstville CBD
    * Solid brick construction! – They don’t build them like this anymore!

    Open for Inspection: Wednesday’s 11:30am – 12:00pm.

    Auction: 7th April 2022 6pm at 3/56 Kitchener Parade, Bankstown

    Ben Panayotopoulos
    0430 140 683
    benp@commercial.net.au

    Ryan McMahon
    0429 228 460
    ryanm@cpgsouth.com.au

    • Land Size:266m2
    • Property Size:130m2
    • Zoning:B2: Local Centre
    • Availability:Sold
    • GST:unknown

    Contact Details

    Ben Panayotopoulos M: 0430 140 683 E: Email Agent

    Office Details

    Level 3, 56 Kitchener Pde Bankstown NSW 2200

    Contact Details

    Ben Panayotopoulos M: 0430 140 683 E: Email Agent

    Office Details

    Level 3, 56 Kitchener Pde Bankstown NSW 2200

    Make an enquiry

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