CBRE, as the exclusive selling agent, on behalf of 'Daniel Walley and Martin Ford of PwC Australia as Receivers and Managers of West 88 Pty Ltd', is pleased to present a fantastic trophy investment opportunity in the heart of Western Sydney.
The property comprises the following:
- Six level residential apartment building with 2 levels of basement parking
- 109 residential units with the following mix: 18 x 1 Bed, 73 x 2 Bed, 18 x 3 Bed.
This significant income generating asset provides the ability to strata subdivide and sell off, reposition rents and value add.
172-184 & 188 Great Western Highway, Westmead benefits from the following key attributes:
- Total of 109 Torrens Title 1-, 2- and 3-bedroom residential apartments
- Generating a current gross rental income of $2,236,260* Per Annum
- Potential for strata subdivision and sell down of individual units
- Value add potential for repositioning of rental in line with market and or increase through NDIS SDA accommodation
- 29 units (approx 26% of total units) have been allocated for NDIS SDA accommodation with 26 assessed units
- Land Area: 172-184 Great Western Highway - 4,042sqm* & 188 Great Western Highway - 617sqm*
- Desirable Location proximity to Westmead Hospital, Westmead Health Precinct, Future Charter Hall Innovation Quarter, Westmead Train Station, Future Westmead Metro Station, Parramatta CBD, Westfield Shopping Centre Parramatta, Western Sydney University
- Easy Access to M4 Motorway Eastbound & Westbound
- Bus T-way on the doorstep providing access to Parramatta CBD, and future Westmead light rail station & metro station just moments away
172-184 & 188 Great Western Highway, Westmead will be made available for sale by way of Expressions of Interest closing Thursday 31 March 2022 at 3:00pm
Inspections to be held by appointment as per COVID-19 Greater Sydney restriction requirements. Please enquire directly with the exclusive agents to arrange a private viewing.
For more information or to request access to the due diligence room, please contact the exclusive selling agents.
*Approx.
Disclaimer: The vendor reserves the right to sell 172-184 Great Western Highway, Westmead excluding 188 Great Western Highway, Westmead if it chooses to do so.
