16 Colless Street, Penrith, NSW 2750
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Property Highlights

Built to Rent To be sold in one line

Property Highlights

- Quality As-New apartments that are to be sold in one line

- $550,000 Gross Rent p.a

- Ideal investment opportunity for annuity income

As exclusive selling agents, ResponseRE are proud to present 16 Colless Street, Penrith as an off market sale.

"Colless" represents an outstanding opportunity for an incoming party to secure a well located, quality built and recently completed High Density Residential development within the hub of Penrith CBD.

Key Features of this unique offering include

- 5 levels comprising 25 large quality built units with a mix of 1/2/3 bedroom configuration

- Fully leased to individual tenants on an attractive yield

- Excellent depreciation outcomes

- An astute, long-term residential acquisition

- Excellent Central Penrith location also close to Nepean Hospital

- Ample secure parking and security cameras

- A simple conversion to Strata Title

- Ideal for Superannuation Funds, Family Offices, and astute Investors alike

"All the hard work in the building has been completed. Now just enjoy the returns."

For Sale by Expressions of Interest closing on 12th August 2022, by Private Treaty.

For a copy of the Information Memorandum, and access to the Dataroom, please contact the exclusive listing agents below.

Anthony Pereira

0411 488 555

Henry Porte

0422 416 997

Carlo Manna

0426 180 183

Remember to mention you found this property on DevelopmentReady

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