162 Queen Street, Concord West

Strathfield Partners are pleased to offer 162 Queen Street, Concord West to the market for sale via Auction. This offering represents an exciting opportunity for developers or investors to acquire a premium parcel of land with sixteen (16) self-contained studios, all fully leased in the heart of Concord West. The property consists of: * 16 Self-contained studios * All rooms have 1 bathroom with shower * All rooms have a polyurethane kitchenette with gas cooktop * All rooms have mirrored built-in wardrobes * Communal laundry * Gas, water and internet are included in the rent (Head lease) * 4 onsite carspaces * Site area 844 m² Approx. * FSR 0.5:1 * Height of Building: 8.5 m * Zoned R2: Low Density Residential * Currently returning $244,985.00 per annum (Net Profit) This property presents an excellent investment opportunity, boasting long-term tenancy and a high occupancy rate. Strategically positioned for convenience, it's just a short walk from shops, cafes, schools, and transport, offering low-maintenance living with accessibility at your doorstep. The location is prime, being only an 8-minute drive to Rhodes Shopping Centre and 11 minutes to Burwood Westfield. Commuters will appreciate the easy CBD access via the M4, just 16 minutes away by car, and the train station is a mere 10-minute walk. This property is ideal for investors seeking a stable and appealing option with its strategic location and robust demand.