Constitution Hill
Constitution Hill, NSW 2145

Overview

, Constitution Hill

This unique and high-quality asset class comprises 17 residential investment properties situated on a site area of approximately 2,738 square meters. The entire complex is fully leased, generating a gross income of approximately $595,000 per annum, presenting a stable and attractive investment opportunity.

The complex consists of a diverse mixture of properties including eight three-bedroom townhouses, three three-bedroom villas, five two-bedroom townhouses, and one five-bedroom house. Each property features air conditioning, gas cooking facilities, generously sized courtyards, and ample storage areas, catering to a variety of tenant needs and preferences.

The floor plans throughout the complex are functional and efficient, designed to maximize living space and comfort. The properties offer lovely courtyards and spacious living areas, all presented to a high standard, reflecting excellent maintenance and care.

Outgoings for the complex, including water, council rates, and gardening, amount to approximately $95,000 per annum. The complex is low maintenance, reducing ongoing management costs and effort.

Financially, this investment offers the opportunity to capitalize on depreciation allowances and other benefits, enhancing the overall return on investment.

Parking is well catered for with 17 undercover security basement parking spaces, complemented by additional visitor parking, ensuring convenience and security for tenants and their guests.

Located in a highly sought-after residential precinct, the complex sits atop a hill in a quiet, convenient, tranquil, and elevated position. It is conveniently close to Wentworthville strip shopping, Wentworthville train station, and Pendle Hill, as well as being near Westmead Hospital, the University, and major arterial roads. The proximity to good schools within a short distance makes these properties highly desirable for young families in the rental market.

The complex is approximately six years old and has strata potential, having been approved and registered for the future benefit of the new owner. This offers flexibility and the possibility of immediate added value.

The condition of the complex is exceptional, with the current owner maintaining it meticulously to ensure excellent presentation and upkeep.

This represents a rare opportunity to acquire a safe, secure, and trophy residential investment asset in one line, offering a high-quality portfolio with strong income and growth potential.

Location