CPG

Penshurst Investment – Three Of A Kind!

Sale Price: Auction 12th September 2019 Back to result(s)

Property Details

First time offered to the market in 40 years is this extremely rare three shops in one line within a prized location. The land area of 151m²* provides an existing concrete and brick building with undercover parking and backs onto a public car park.

Features Include:
• 3 separate shops
• Undercover parking
• Grease traps
• Rental income of $80,028.24 pa gross + GST
• Long-standing tenants
• Zoned B2 – Local Centre
• Floor space ratio of 2:1
• 15m building height limit
• Value add opportunity
• Side public laneway to Council parking provides ultra-convenience
• Opposite Penshurst Hotel
• Moments from Penshurst Train Station
• Short drive to Hurstville CBD

This opportunity is ideal for the astute investor looking for a multi-tenanted investment along with potential upside.

Take comfort in a multi-tenanted investment and diversify in a low interest rate market.

Contact Hayden Bennett on 0477 665 455 or Damen Astey on 0431 817 616 for more information or to arrange an inspection today!

*Approximate

Open for Inspection
2:00 to 2:30pm on Thursday’s
15th, 22nd & 29th August & 5th & 12th September 2019

Auction
6:00pm 12th September 2019
Club Central
2 Crofts Avenue
Hurstville NSW 2220

  • Property Size:151m2
  • Land Area:151m2
  • Parking:2
  • Zoning:B2 - Local Centre
  • Council:Georges River Council
  • Availability:Sold
  • GST:exempt

Contact Details

Hayden Bennett M: 0477 665 455 E: Email Agent
Damen Astey M: 0431 817 616 E: Email Agent

Office Details

Level 2, Suite 2 168 Rocky Point Road Kogarah NSW 2217

Property Details

First time offered to the market in 40 years is this extremely rare three shops in one line within a prized location. The land area of 151m²* provides an existing concrete and brick building with undercover parking and backs onto a public car park.

Features Include:
• 3 separate shops
• Undercover parking
• Grease traps
• Rental income of $80,028.24 pa gross + GST
• Long-standing tenants
• Zoned B2 – Local Centre
• Floor space ratio of 2:1
• 15m building height limit
• Value add opportunity
• Side public laneway to Council parking provides ultra-convenience
• Opposite Penshurst Hotel
• Moments from Penshurst Train Station
• Short drive to Hurstville CBD

This opportunity is ideal for the astute investor looking for a multi-tenanted investment along with potential upside.

Take comfort in a multi-tenanted investment and diversify in a low interest rate market.

Contact Hayden Bennett on 0477 665 455 or Damen Astey on 0431 817 616 for more information or to arrange an inspection today!

*Approximate

Open for Inspection
2:00 to 2:30pm on Thursday’s
15th, 22nd & 29th August & 5th & 12th September 2019

Auction
6:00pm 12th September 2019
Club Central
2 Crofts Avenue
Hurstville NSW 2220

  • Land Size:151m2
  • Property Size:151m2
  • Parking:2
  • Zoning:B2 - Local Centre
  • Council:Georges River Council
  • Availability:Sold
  • GST:exempt

Contact Details

Hayden Bennett M: 0477 665 455 E: Email Agent
Damen Astey M: 0431 817 616 E: Email Agent

Office Details

Level 2, Suite 2 168 Rocky Point Road Kogarah NSW 2217

Contact Details

Hayden Bennett M: 0477 665 455 E: Email Agent
Damen Astey M: 0431 817 616 E: Email Agent

Office Details

Level 2, Suite 2 168 Rocky Point Road Kogarah NSW 2217

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