Sold
Retail

46 Birmingham Street Merrylands, NSW 2160

Sold for $2,350,000 on 23 Aug 2023
  • Building: 1m²
  • Land: 613m²
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Retail in Merrylands

Entire Block of Six (6) Apartments with Rental Upside

  • Building: 1m²
  • Land: 613m²

Ray White Commercial Western Sydney are pleased to present 46 Birmingham Street, Merrylands.

Remarkable opportunity to secure a fully leased entire block of six (6) apartments. The property has an existing annual rental income of $117,000 with potential rental upside to increase rents in line with market and current demand.

Additional highlights of the property are outlined below:

  • Entire block of six (6) units
  • Ideal unit mix (4 x 2 beds & 2 x 1 bed)
  • Six (6) undercover car spaces
  • Current passing income of $117,000* per annum
  • Site Area: 613m2*
  • Zoning R4 High Density Residential
  • Bonus DA approval for two (2) additional apartments
  • 600m* to Stockland Merrylands
  • 950m* to Merrylands Train Station
  • Moments to Parramatta CBD
  • Perfect for investors, builders and self-managed super funds
  • Realistic vendors

The property is offered for sale via Private Treaty.

For more information, please contact the below exclusive selling agents.

Building:

1m²

Land:

613m² / 0.15 acres

Zone:

R4 High Density Residential

Tenancy:

Tenanted

Categories:

Other, Retail, Offices

46 Birmingham Street, Merrylands, NSW 2160