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$950,000
Many investors see a house & granny flat as the ideal income producing investment. What about if we had something that ticked a lot more boxes for around the same price? What a house & granny flat doesn't offer is the ability to try & keep pace with inflation & a financial commitment from your tenant.
Consider this mixed-use investment as an example-
- Total income $57,200 of which $36,600 is generated by the retail pizza shop & $20,800 is generated by the apartment.
-Retail has yearly rental increases of 3%
-Retail tenant is investing approx. $400,000 in to the fit out for their restaurant. This gives added security they won't leave.
-Retail tenant has a 3 year lease with a 2 year option starting from 11th October 2021
The property is located in the main retail strip of Kingswood which in turn is surrounded by some of Western Sydney's most significant redevelopment. Only 500m from the Nepean Hospital which has recently completed a $500 million build & has plans for Stage 2 to commence soon with another $500 million being invested.
The Quarter medical precinct is the largest employer in Penrith & has huge plans to expand in the next few years. This really is the ideal investment with a strong income & undeniable capital growth prospect. Price guide at a 5% Net return is $950,000. What you get is a fully leased investment opportunity which is underpinned by a ground floor retail shop & an independently accessed 3 bedroom apartment. Added to the strong rental income is a prime opportunity to benefit from capital growth as the suburb of Kingswood finally achieves it's long heralded potential.
Disclaimer: We have been furnished with the above information however, PRD Penrith gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.
379 High Street, Penrith NSW 2750
Call Darren Latty on
0414620532
Call Zack Wilkinson on
None
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