7.9HA* SITE WITH HOLDING INCOME
Ray White Commercial NSW is pleased to present 101 Raleigh Street Milperra for sale via Expressions of Interest.
One of the last remaining substantial land holding in Milperra of 7.9ha* (79,080sqm*) and great access to major arterial roads. Ideal opportunity for the investor or future developer, currently leased for $421,160* p.a. + GST to 3 established tenants including a golf range, gym, tennis and squash courts.
Additional highlights of the property are outlined below:
*Site area 7.9ha* (79,080sqm*)
*340m* frontage to Raleigh Road
*Zoned RU4 Primary Production Small Lots
*Adjoining R2 low density residential
*Significant development potential^
*Current leased to three established tenants
*Combined passing income $421,960 p.a. + GST
*Potential to increase rental return with additional tenancies
*Situated in a high growth precinct area with significant infrastructure upgrade
*Potential delayed settlement available
The property will be offered for sale via Expressions of Interest, closing Thursday 10 October 2019 at 3:00 (AEDT).
For more information, please contact the exclusive selling agents.
^ Subject to Council Approval
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