22 Sheffield Street MERRYLANDS NSW 2160
Auction - Must be Sold

DESCRIPTION

A superb investment opportunity to acquire an entire block of units in a highly sought after position only metres from Stockland Mall, Railway Station, bus transport, cafes and eateries.

Selling in one line, this north facing block is a rare find, offering six (6) x two (2) bedroom units, all with undercover parking, balcony and laundry.

The property is strata registered with existing subdivision and would make an ideal value-add creation opportunity for investors or developers alike.

Whether you are an investor or developer, this property delivers versatility and long-term potential.

Leverage the favourable market conditions with strong rental demand and high rental yields.

Unlock growth opportunities by renovating to increase rental returns or sell the units individually for a strong return.

Notable features include:

* 6 x 2 bedroom units
* Three floor plan variations
* Two-level walk-up building
* Double brick construction
* Representing potential income of $151,840 to $157,040 per annum
* Site area - 696.85 sqm approx.
* Strata registered and existing subdivision in place
* Zoned R4 High Density Residential
* All units with balconies, laundry & covered parking spaces
* Low maintenance grounds
* Only 600 metres approx. to the Railway Station & Stockland Mall
* Minutes' drive to Parramatta CBD & Westmead Medical Precinct

This is a rare opportunity to secure a premium asset in a thriving location with significant upside potential.

Auction details:

The property will be offered for Auction, onsite Tuesday 17th December 2024 at 6.00pm.