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WHOLE UNIT BLOCK – 10 X 2 BED UNITS – CBD LOCATION – MERRYLANDS

8 - 10 CAMBRIDGE STREET,
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Overview

  • Updated On:
  • March 31, 2019

AUCTION: THURSDAY 18 APRIL 2019; 10:30AM

Contact the listing agent Colliers International from the link below for further details:
COLLIERS INTERNATIONAL


MERRYLANDS

  • Merrylands is directly adjacent to the massively expanding Parramatta City & is experiencing the huge flow on effects
  • Approximately 2.5km from Parramatta (5 minute drive via Pitt Street)
  • Merrylands is located 25km west of the Sydney Central Business District
  • The Merrylands railway station is serviced by the Airport, Inner West & South Line and the Cumberland Line of the Sydney Trains network
  • Cumberland council will invest more than $77 million into capital works, including a $23 million upgrade to Merrylands Town Centre. It will go towards the development of a new city square, new roads for better access and more parking. Stockland’s proposed Merrylands Court mixed use development will occupy a 1.2 hectare site adjacent to the current & newly revamped Stockland Merrylands. It will include an activated laneway precinct with retail, restaurants and cafes
  • Council targets for Merrylands is to introduce 5,500 new jobs and 195,500 square metres of commercial floor space in Merrylands over the next 25 years & this could see high-rises up to 20 storeys
  • Merrylands is located amongst a strong arterial network comprising of Woodville Rd (Parramatta-Hume Hwy), & the Western Motorway M4
  • The population of Merrylands (2016 census) is 29,653 with 44% born in Australia & a predominant Lebanese & Chinese population

YOUR OPPORTUNITY

  • Whole Unit block of 10 x 2 bed units to be sold in one line
  •  10 lock up garages
  •  6 visitors parking
  • Potential fully leased gross income of $203,840 pa approximately (agent advice)
  • Walk to station & shops
  • Your opportunity here is to keep the whole block. With this type of investment, the equity should grow rapidly over time if purchased at the right price as whole unit blocks are very sought after properties
  • Whole blocks of units are great for long term holds:
    1) You have full control of all the units. From the tenants, to maintenance such as cleaning & mowing of the lawns & every other aspect. Simply, you are the body corporate
    2) The rental yields are good, normally higher than the yields on houses
  • Opportunity to add value through further upgrades to the units
  • Opportunity to strata title each unit (subject to council approval) & to sell them individually

The information shared with you on this site by Sydney Growth Properties Pty Ltd is general information only, and has not been prepared taking into account the individual circumstances of the person to whom it is given. Intending purchasers, before acting on any information should assess the suitability of any investments in any property in light of their own personal objectives, financial situation & needs. In preparing this information Sydney Growth Properties Pty Ltd has used resources to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein. As always, you should obtain appropriate, qualified advice before making any investment decision, because all investments involve risk. The information is shared with you purely for the purpose of property investor education. It does not take into account your personal financial situation or needs.



CLICK ON THE LINK BELOW FOR THE CORE LOGIC REPORT:

Documents
Address: 8 - 10 CAMBRIDGE STREET
State/County:
Zip: 2160
Country: Australia
Open In Google Maps
Property Id : 22875
Car: 0
Other Features
attic
back yard
balcony
basketball court
concierge
deck
doorman
fenced yard
fireplace
front yard
gas heat
gym
lake view
laundry
ocean view
pool
pound
private space
recreation
roof deck
sprinklers
storage
washer and dryer
wine cellar

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NICK KARAYANIS