1-5/38 Chetwynd Road
Merrylands, NSW 2160

This property offers a unique opportunity to acquire the entire block of five units located at 1-5/38 Chetwynd Road, Merrylands. It is an excellent investment prospect for those seeking a stable, income-generating asset with potential for value enhancement through refurbishment.

The block is situated on a prime corner parcel of land measuring approximately 600 square meters. It comprises five two-bedroom apartments, each with access from St Ann Street, Merrylands. The buildings are constructed with durable double brick, featuring practical layouts that provide ample scope for modernization and upgrades to increase value.

Parking is well catered for, with undercover car spaces allocated to units 1 through 3, offering convenient on-site parking. Units 4 and 5 benefit from lock-up garages, providing secure and private parking options.

Currently, the property generates an annual rental income of $96,200, with potential to increase returns. The zoning is R4 High Density Residential, allowing a floor space ratio of 1.2:1 and a height limit of 15 meters, making it an ideal land bank opportunity in a precinct undergoing rapid development.

The location is highly convenient, within walking distance to St. Margaret Mary’s Primary School, 850 meters from Merrylands Public School, 1.1 kilometers from Stockland Merrylands shopping center, 1.2 kilometers from Merrylands Park, and 1.3 kilometers from Merrylands train station. Bus stops providing access to Parramatta CBD are also readily accessible.

Outgoings are approximately $899.70 per quarter for water and $1000 per quarter for council rates. This investment offers a rare chance to secure a tightly held complex with strong fundamentals and excellent future prospects.

Interested parties are encouraged to conduct their own inquiries to verify all information as no warranties or representations are made regarding the accuracy of the details provided.