1 Paine Street

Kogarah NSW 2217

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Sold on 14 Dec 2023

1 Paine Street Kogarah NSW 2217

Other
347 m²
Sold, $2,950,000

Boutique Block of 7 Apartments

Fully leased 7 units
Passing income of $177,608.60*
Vendor says Sell

RWC Western Sydney is pleased to present 1 Paine Street, Kogarah for Sale via Private Treaty.

Strategically located only 100* metres to Kogarah Railway Station and 500* metres to St George Hospital, fully leased block of 7 studio apartments completed in 2017 to be sold in one line.

Constructed with quality inclusions throughout, includes a current passing income of $177,608.60* per annum with potential to increase rents through furnishing.

With the current housing supply shortages and increased demand for rental opportunities, this is ideal for the astute investor to capitalise upon.

Additional highlights of the property are outlined below:

• 7 luxury studio apartments
• Fully leased with a passing income of $177,608.60* per annum
• Ducted air-conditioning to all units
• Tiled flooring throughout
• Internal laundries with washing machine & dryers
• Gas cooking with stone bench tops
• Balconies to all units
• Communal roof top terrace with district views
• Separately metered for electricity and gas
• 1 secure car space + additional storage
• 100m* to Kogarah Railway Station
• 500m* to St George Hospital
• Instructions to sell!

The property will be offered for Sale via Private Treaty.

For more information, please contact the below exclusive selling agents.

*Approximately

RWC Western Sydney

Level 1, 15-17 Argyle Street,

Parramatta, NSW 2150

Property Highlights

Date Sold	14 Dec 2023
Sold Price	$2,950,000
Floor Area	347 m²
Land Area	245 m²
Energy	0-star NABERS Energy rating
Parking	1 x Onsite parking
Property ID	2018881369
Category	Other Medical / Consulting Offices
Last updated

Map for 1 Paine Street Kogarah NSW 2217

Nearest transport* to 1 Paine Street Kogarah NSW 2217

Bus

Train

Tram

Ferry

Railway Underpass Pedestrian Walk	123 m
Kogarah Station	153 m
Tom Hanratty Reserve, Paine St	167 m
Railway Pde At Derby St	187 m

*Within a 4km radius

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nbn® Fibre to the Curb (FTTC) is available in this property

Max wholesale speed tier available: nbn® Fibre to the Curb

RWC Western Sydney

Level 1, 15-17 Argyle Street,

Parramatta, NSW 2150

Property Highlights

Date Sold	14 Dec 2023
Sold Price	$2,950,000
Floor Area	347 m²
Land Area	245 m²
Energy	0-star NABERS Energy rating
Parking	1 x Onsite parking
Property ID	2018881369
Category	Other Medical / Consulting Offices
Last updated

Co-Agents

RWC Western Sydney

RWC Western Sydney

More about 1 Paine Street Kogarah NSW 2217

1 Paine Street Kogarah NSW 2217 is categorized as Other Property. It has a floor area of 347 m² and a land area of 245 m². There are 1 x onsite parkings.The listing ID for this property is 2018881369.