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

239 Rocky Point Road Ramsgate 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

239 Rocky Point Road Ramsgate NSW 2217

Contact Details

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

Office Details

239 Rocky Point Road Ramsgate NSW 2217

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