1-5/38 Chetwynd Road, Merrylands NSW 2160

Property Details: • Type: Block of Units

• Bedrooms: 10 • Bathrooms: 5

Description: Laing & Simmons Merrylands is pleased to present 1-5/38 Chetwynd Rd, Merrylands for sale via Onsite Auction. The asset represents a remarkable opportunity to acquire this entire block of five (5) units in one line. Tightly held complex presents a rare chance for the astute investor seeking a stable, income-producing asset with scope to add value through refurbishment. - Prime corner block with total land area of 600 sqm* - Offering 5 x 2-bedroom apartments with entry to St Ann Street Merrylands Double brick construction with practical layouts, providing generous potential for refurbishment and value-adding upgrades Under cover car spaces allocated to units 13, providing convenient on-site parking Lock-up garages provided for units 45, offering secure and private parking - Currently returning $96,200 p.a with scope to increase - Zoned R4 High density with floor space ratio 1.2:1 and height limit 15 metres - Ideal "land bank" opportunity in a rapidly evolving precinct Within walking distance of St. Margaret Mary's Primary School, 850m from Merrylands Public School,1.1km from Stockland Merrylands, 1.2km from Merrylands Park, 1.3km from Merrylands station Approximate outgoings: Water: $899.70 p/q | Council: $1000 p/q Within walking distance of St. Margaret Mary's Primary School, 850m from Merrylands Public School,1.1km from Stockland Merrylands, 1.2km from Merrylands Park, 1.3km from Merrylands station and bus stops at your doorstep to Parramatta CBD Approximate outgoings: Water: $899.70 p/q | Council: $1000 p/q *approx Laing & Simmons Merrylands and its directors, employees and related entities believe that the information contained herein is gathered from sources we deem to be reliable. However, no representation or warranties of any nature whatsoever are given, intended or implied. Any interested parties should rely on their own inquiries.