1 Tornaros Avenue Penrith NSW 2750

RWC Western Sydney is pleased to present 1 Tornaros Avenue, Penrith, for sale via Auction.

This is an exceptional opportunity to capitalise on this newly constructed boarding house. It features 12 generous, high-quality self-contained rooms, complimented with a shared communal area.

Construction was recently completed in August 2024. The property spans across 2 levels with ground level parking, generating a net annual income of $233,302*.

This investment is perfectly positioned to benefit from the existing shortage in housing, low vacancy rates, and increasing migration. Take advantage of the significant depreciation benefits of this property.

Additional highlights of the property are outlined below:

• 12 High Quality Rooms (5x double or 5x single rooms & 2x accessible rooms)
• Each room is fully equipped with appliances, including a washer-dryer combo, cooktop, range hood, drawer dishwasher, and microwave.
• Significant depreciation benefits
• Land tax exemptions applicable
• Site Area 701.9m2*
• Offered Below replacement Value
• Five (5) secure ground level car spaces
• Two (2) secure ground level motorbike spaces
• Equipped with CCTV and a video security intercom system.
• All rooms feature split system air-conditioners and built-in wardrobes.
• An outstanding long-term investment located in a rapidly expanding area.
• Close proximity to Nepean Hospital, Western Sydney University & Penrith CBD.
• Vendor Ready to meet the market.

The property will be offered for Auction, onsite Wednesday 20 November 2024 at 12:30pm.

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

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