359-361 Concord Road Concord West NSW 2138

RWC Western Sydney is pleased to present 359 - 361 Concord Road, Concord West for sale, via Expressions of Interest.

Representing a unique investment opportunity to acquire an entire mixed-use complex, comprising of 12 units and 3 retail/ commercial areas to be sold in one line.

Currently, units 1-6 and 8-11 (10 units in total) are leased to NSW Land and Housing Corporation on a two (2) years lease term expiring on 1 January 2025.

Commanding an impressive three (3) street frontage site, the complex is fully leased with a passing net income of $556,965* per annum with scope to increase.

Strategically located in the affluent Concord suburb, only 350m* to Concord Hospital, walking to proximity to local retail shops and the vibrant Majors Bay Road retail precinct.

Additional highlights of the property are outlined below:
• Favourable unit mix (3 x 3 bedrooms, 6 x 2 bedrooms, 2 x 1 bedroom and 1 x studio)
• 25 Security Car spaces
• Rooftop terrace with panoramic city views
• Three street frontages for enhanced accessibility (Concord Road, Boronia Street & Currawong Lane)
• Significant potential for rental uplift after headlease expiration in January 2025
• 230m* to Concord West Public School
• 350m* to Concord Hospital
• 1.1km* to Concord West Train Station
• Close Proximity to Sydney Olympic Park, Burwood CBD, and the M2 Motorway

This is an ideal opportunity for investors, strata sell down groups and housing providers looking to capitalise on the current housing shortage, rising rents and migration boom.

The property will be offered for sale via Expressions of Interest, closing Thursday 7 November 2024 at 3pm (Unless Sold Prior).

For more information, please contact the exclusive selling agents.

* Approximately