Ray White Commercial Western Sydney offers a prime investment opportunity in Baulkham Hills.

Located at 15-17 Old Northern Road, the newly constructed unit block, completed in March 2019, for sale via Expressions of Interest, closing on Wednesday, 26 June 2024, at 3pm.

At an expected price point upwards of $25,000,000, the property spans approximately 3,000 sqm with a site area of approximately 1,616 sqm.

Joseph Assaf expressed that RWC Western Sydney is thrilled to offer this entire complex, in one of Sydney’s most strategically advantageous locations. Positioned directly opposite Grove Square - The Hills Shopping Centre, this offering presents an outstanding investment opportunity.

“This newly constructed unit block completed in 2019 consists of 32 units (38 dual key) with 2 retail areas to be offered in one line. Offering a favourable unit mix, efficient floor plan layouts and panoramic district views, it promises an enticing opportunity.” Joseph's Assaf says. 

Peter Vines says with a five-storey building, two levels of basement accommodating 80 vehicles is leased with an annual passing income of over $1.14* million with potential to increase further.

Victor Sheu added "this entire complex is a deal for investors, strata sell-down groups or housing providers. The complex is strata-approved but not yet registered. Nestled in a high growth precinct, with a projected population expansion, it offers a unique and diverse opportunity for secure investment."

Standing opposite Grove Square – The Hills, Baulkham Hills Shopping Centre, this location offers tenants access to over 80 specialty stores, anchored by major retailers such as Coles, Woolworths, and Aldi. Additionally, the property is just 3.4 km* from Castle Towers Shopping Centre, further enhancing its appeal.

The favourable unit mix is well-balanced, comprising 12 one-bedroom units, 3 studios, 21 two-bedroom units, and 2 three-bedroom units, including six dual key units. Each unit features efficient floor plan layouts with balconies and split-system air conditioning. The building's design ensures low maintenance and provides significant depreciation benefits for owners.

In summarising the opportunity the RWC agents said, "This property presents an ideal opportunity to capitalize on the current housing shortage, migration boom, and rising rents. It offers diverse income streams and is strata-approved, though not yet registered, allowing flexibility for future developments or sell-downs. The modern amenities and strategic location make it a standout investment in the market.

Expressions of Interest for this exceptional property close on Wednesday, 26 June 2024, at 3pm.