Block of 10 units - Prime refurbishment or redevelopment opportunity

Ray White Commercial Western Sydney is pleased to present 35 Lane Street, Wentworthville for sale via Onsite Auction.

The asset represents a remarkable opportunity to acquire this entire block of ten (10) units which also has a DA approval of twenty four (24) apartments.
It is an ideal opportunity for a value add investor, builder/developer to create a stable cash flow income or pursue new development approval.

Highlights of the property include:
• Site area of 1,012m2*
• Eight (8) two-bedroom units with lock up garage parking and car ports.
• Two (2) one-bedroom units with double lock up garage parking and car ports.
• Self-contained units with private laundry, dining and family.
• Subdivided and strata-title units forming a full block offered in one line
• Estimated fully-let annual gross income of $202,800* upon refurbishment
• DA approval for twenty four (24) apartments across four (4) levels
• Moments from Wentworthville Railway Station, Westmead Hospital and Parramatta CBD
• Ideal for builders/developers to capitalise on one of the fastest growing suburbs in Western Sydney

The property is offered for sale via Onsite Auction on Wednesday 16th March 2022 at 12:30 pm.

For more information, please contact the exclusive selling agents.

*Approx.

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