16 Residential Dwellings (14x3-bedroom and 2x4 bedroom);
One title;
Net passing income of $169,680*pa; and
Strata approved.
LOCATION
The subject property is located on the northern side of Lonsdale Street, St Marys, between its junctions with Mamre Road and Collins Street.
St Marys is located on the eastern side of the Penrith Local Government Area. The M4 Motorway forms its southern boundary.
The subject property is located approximately:
50km west of Sydney CBD.
25km west of Parramatta CBD.
8km west of the M7 West link.
SITUATION
LONSDALE STREET
Lonsdale Street and its immediate surrounds comprises a well maintained and tightly held residential suburb predominantly made up of detached family homes.
M4 (WESTERN MOTORWAY)
The M4 (Western Motorway) is located a short distance to the south and provides easy vehicular access to Penrith to the west and the M7 (Westlink) to the east.
DESCRIPTION
IMPROVEMENTS
Consists of 14x3 bedroom dwellings and 2x4 bedroom dwellings; and
Each unit has a double lock-up garage.
TENURE
The estimated income for June 2010 is summarised as follows:
Rental Income:
16 Units: $18,616
1 Vacancy: $0
Expenses:
Utilities: ($2,069)
Repairs & Maintenance: ($2,407)
Net Income: $14,140
TITLE DETAILS
Lot 2 in Deposited Plan 844668.
The property is strata approved.
SITE AREA
7,363sqm*
TOPOGRAPHY
A reasonably level gradient.
PLANNING
LOCAL AUTHORITY
Penrith City Council
T: 61 2 4732 7777 F: 61 2 4732 7958
601 High Street, Penrith, NSW, 2571
www.penrithcity.nsw.gov.au
LOCAL ENVIRONMENTAL PLAN
Penrith Local Environmental Plan 1998.
ZONING
2(c) Residential.
DEVELOPMENT CONTROL PLAN
Penrith Development Control Plan 2006.
METHOD OF SALE
The property is to be sold by Public Auction at 10:30am on Tuesday the 21st of September 2010.
INSEPCTIONS
Tuesdays and Thursdays at 2.30pm if confirmed at least 24 hours in advance.
AUCTION LOCATION
The Sydney Auction Centre, 55 Harrington Street (The Rocks), Sydney NSW 2000.
*Approx.
