2-4 & 6 Haynes Street and 12 Thurston Street,
Penrith, NSW 2750
Other • Development Sites & Land
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RESIDENTIAL APARTMENT BLOCK INVESTMENT | POTENTIAL DEVELOPMENT UPSIDE (STCA)
- 2 Apartment Blocks + Residential House
- 2,615sqm* R4 Zoned site
- Substantial $267,972.57 * Gross Income
CBRE as the exclusive sales agents are pleased to present to the market 2-4 & 6 Haynes Street and 12 Thurston Street, Penrith. The property represents a great opportunity to acquire two apartment blocks providing 18 2-bed units alongside a single residential dwelling on 2,615sqm*.
2-4 & 6 Haynes Street and 12 Thurston Street, Penrith benefits from the following key attributes:
-Substantial $267,972.57* Combined current gross income over the properties providing stable long term passive income
-Significant 2,615sqm* combined site area in a key West Sydney growth precinct
-Favourable R4 High Density Residential zoning permitting 15m height limit with no specified FSR allowing for potential further development upside (STCA)
-Proximity to several key locations including Westfield Penrith, Western Sydney University Kingswood, Penrith and Kingswood Train Station and Napean Hospital
-Opportunity for rental reversion in a low vacancy market allowing for rental uplift with a estimated fully leased market gross income of $320,678.57*
-Part of the West Sydney growth precinct with several key NSW led developments in the pipeline benefitting the area
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*
2-4 & 6 Haynes Street and 12 Thurston Street, Penrith benefits from the following key attributes:
-Substantial $267,972.57* Combined current gross income over the properties providing stable long term passive income
-Significant 2,615sqm* combined site area in a key West Sydney growth precinct
-Favourable R4 High Density Residential zoning permitting 15m height limit with no specified FSR allowing for potential further development upside (STCA)
-Proximity to several key locations including Westfield Penrith, Western Sydney University Kingswood, Penrith and Kingswood Train Station and Napean Hospital
-Opportunity for rental reversion in a low vacancy market allowing for rental uplift with a estimated fully leased market gross income of $320,678.57*
-Part of the West Sydney growth precinct with several key NSW led developments in the pipeline benefitting the area
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*
Penrith, 2750 demographic data
The median household income for Penrith is $1,397, 33% lower than Greater Sydney's household income of $2,077. Penrith has a younger age profile compared to the rest of Greater Sydney (median age 36 vs 37). Property ownership data shows 54% of property owners in Penrith have a mortgage.
17,966
Population
$1,397 per week
Median household income
36 years
Median age
Renters
Most residents
Families
Most households
2-4 & 6 Haynes Street and 12 Thurston Street
Penrith, NSW 2750
CBRE - Western SydneyLevel 4 10-14 Smith Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
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