315-323 Merrylands Road Merrylands NSW 2160

On behalf of Costa Nicodemou of Newpoint Advisory as Receiver & Manager, the property is offered 'in-one-line' via an Expressions of Interest campaign closing at 2:00pm, Thursday, 10 October 2024.

Key investment highlights:
- 44 apartments and 4 retail shops within a modern development completed circa 2019
- Mixture of 1, 2 and 3 bedroom apartments all with parking
- Majority leased to NSW Land & Housing Corporation, a AAA rated Government tenant that has been in occupation since building completion
- Gross passing income exceeding $1,450,000 per annum
- Fully leased gross market income expected to exceed $1,530,000 per annum
- Basement parking for 69 cars
- Large internal areas with well apportioned layouts, superior in size to comparable developments
- Strata subdivided which gives ultimate flexibility and liquidity
- Within 400 metres* of Stockland Merrylands and 800m* of Merrylands Station
- Only 50 metres* to local bus routes and nestled between Holroyd, Parramatta and Guildford
- Situated in a competitive rental and sales market with strong anticipated rental yield and sales realisation

For further information don't hesitate to contact the exclusive selling agents.