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2. Property Highlights

Well Maintained Unit Block
  • Fully Tenanted - 18 Residences
  • Sell Down or Lease Out
  • Close to Penrith CBD

21 Cooee Avenue, Glenmore Park is a well maintained block of 18 units. Currently benefitting from the NRAS scheme, this property represents a fantastic opportunity to purchase a land holding in a burgeoning growth region. Situated in a quiet street with double street frontage, the property has a bus stop out front, which links to the heart of Penrith CBD.

- $495,229.26 annual income (based on full let up) - currently returning $468,193 with one unit vacant.

- Strong rental growth anticipated

- Boutique, well maintained block (built in 2014)

- Well positioned to take advantage of the intense investment in infrastructure in and around Penrith CBD

- Oversized units which are proven to be attractive to the rental market

- Close to lush parklands and the Blue Mountains

Opportunity for investors to receive a diverse income stream with limited risk due to number of units. Alternatively, a property trader may look at obtaining strata approval and selling off the units individually.

Remember to mention you found this property on CommercialReady

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3. Property Location

21 Cooee Avenue, Glenmore Park, NSW, 2745

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4. Due Diligence

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  • Site Summary
  • Development Pipeline
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  • Surrounding Amenity
21 Cooee Avenue, Glenmore Park, NSW, 2745 Glenmore Park
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