R2-4099209-Mcdougalls-Hill-2024-06-07-112640 FOR SALE
R2-4099209-Mcdougalls-Hill-2024-06-07-112640-1
R2-4099209-Mcdougalls-Hill-2024-06-07-112640-2
R2-4099209-Mcdougalls-Hill-2024-06-07-112640 FOR SALE
R2-4099209-Mcdougalls-Hill-2024-06-07-112640-1 FOR SALE
R2-4099209-Mcdougalls-Hill-2024-06-07-112640-2 FOR SALE

2 Magpie Street, Mcdougalls Hill NSW 2330

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Area
  • Building Area is 1,530 m²
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    For sale by Expressions of Interest closing 4th July 2024 at 4pm AEST

    Situated on a substantial site area of 5,882 square meters, 2 Magpie Street is a prime investment property currently occupied by Singleton Self Storage and GB Auto Group. The property is fully let, ensuring a solid income stream.

    Singleton Self Storage offers 43 units, with development approval secured for 27 additional units, which can be added without affecting any of the existing dwellings. This presents a significant opportunity for further income generation and growth.

    Key features include:
    - 43 existing units with DA approval for 27 further units
    - Generating $171,388* net per annum + GST
    - Site Area of 5,882sqm
    - 1 of 3 storage facilities in Singleton and surrounding with a waiting list to lease a storage unit

    *Approximately

    • Net income $171,388* p/a + GST
    • DA Approval for 27 further units
    • Site area 5,882sqm*

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