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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

Property Highlights

Date Sold14 Dec 2023
Sold Price$2,950,000
Floor Area347 m²
Land Area245 m²
Energy0-star NABERS Energy rating
Parking1 x Onsite parking
Property ID2018881369
Category
Last updated  14 Dec 2023
Map for 1 Paine Street Kogarah NSW 2217

Nearest transport* to 1 Paine Street Kogarah NSW 2217

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Property Highlights

Date Sold14 Dec 2023
Sold Price$2,950,000
Floor Area347 m²
Land Area245 m²
Energy0-star NABERS Energy rating
Parking1 x Onsite parking
Property ID2018881369
Category
Last updated  14 Dec 2023

Co-Agents

Andrew Sacco
RWC Western Sydney
Call
0452234653

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