Fully Leased Investment - 4 tenancies with Development Upside on 1,265 m2* Land

Ray White Hurstville are pleased to offer for sale via Public Auction this fully leased investment with four (4) separate tenants prominently located on Forest Road, Bexley.

This is a rare opportunity to acquire 3 industrial warehouses and 2 residential flats set on spacious 1,265 m2* of land with future development upside with a zoning of "R3 Residential Density Residential".

Key Features include:
• Fully leased investment
• Total Gross annual rental $149,000*
• Prominent main road location
• Four (4) separate tenants including wedding and events company, tile company and two (2) residential flats
• Land Area: 1,265m2*
• Total Building Area: 615m2*
• Improvements consist of 3 x industrial warehouses and 2 residential flats
• Zoned R3 Medium Density Residential with possible future development (Subject to council approval)
• Floor Space Ratio (FSR): 0.7:1
• Height Limit: 8.5m
• Ample on site parking
• Ideal for astute investor or developer
• Conveniently located in close proximity to adjoining major suburbs of Hurstville, Kogarah and Rockdale
• Will be Sold!

*approx

Inspections

Explore the area

School catchments

Bethany College Secondary 7-12 Catholic 0.32km
Sydney Technical High School Secondary 7-12 Government 0.34km
St Mary's Star of the Sea Catholic Primary School Primary K-6 Catholic 0.39km
Georges River College Hurstville Campus Secondary 7-10 Government 0.64km
Hurstville Public School Primary K-6 Government 0.69km
Carlton Public School Primary K-6 Government 0.69km
Hurstville Adventist School Primary K-6 Independent 0.81km
Danebank - An Anglican School for Girls Combined K-12 Independent 1.3km
Marist College Kogarah Secondary 7-12 Catholic 1.3km
St George Christian School Combined K-12 Independent 1.4km
St Gabriel's Catholic Primary School Bexley Primary K-6 Catholic 1.5km
Kogarah High School Secondary 6-12 Government 1.7km
St Raphael's Catholic Primary School Primary K-6 Catholic 1.7km
Carlton South Public School Primary K-6 Government 1.8km
Bexley Public School Primary K-6 Government 1.8km
St Mary and St Mina's Coptic Orthodox College, Rockdale campus Secondary Independent 1.9km
St George Girls High School Secondary 7-12 Government 1.9km
Kingsgrove High School Secondary 7-12 Government 1.9km
St Mary and St Mina's Coptic Orthodox College Primary K-12 Independent 1.9km
Kogarah Public School Primary K-6 Government 1.9km
Kingsgrove Public School Primary K-6 Government 1.9km
Arkana College Primary K-6 Independent 2.0km
St Patrick's Catholic Primary School Primary K-6 Catholic 2.0km
James Cook Boys High School Secondary 7-12 Government 2.1km
Moorefield Girls High School Secondary 7-12 Government 2.2km
Blakehurst High School Secondary 7-12 Government 2.3km
St Ursula's College Secondary 7-12 Catholic 2.4km
Marist Catholic College Penshurst - South Hurstville Campus Secondary Catholic 2.4km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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