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Sold on 12 Feb 2015

79-83 Queen Street St Marys NSW 2760

  • Retail
  • 279 m²
  • Sold, $1,250,000

Deceased Estate - 3 Retail Shops In One Line

Located only 325 metres from St Mary's railway station and bus interchange, 3 freestanding retail shops in one line on a site area of 777m2. Positioned in the bustling retail shopping strip with high exposure and pedestrian activity.

Fully leased investment with established tenants and stable multiple income streams with 3 individual tenancies and a nett lettable area of 279m2 (approximately). Current gross passing income of $53,781.96 per annum + GST with annual increases.

Development potential (STCA) zoned B4 Mixed Use under Penrith Local Council LEP with a floor space ratio of 2.5:1 and a building height of 24 metres.

All shops enjoy rear lane access with on site car parking neighbouring council car park and surrounded by established retailers.

Property Highlights

Property ID2011695529
Date Sold12 Feb 2015
Sold Price$1,250,000
Floor Area279 m²
Land Area777 m²
ParkingAsk Agent
Category
Last updated  11 Feb 2015
Map for 79-83 Queen Street St Marys NSW 2760
Laing+Simmons Parramatta
259 Church Street Parramatta NSW 2150

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