Western Property June 30 2023

FOR SALE: 125 Russell Street, Emu Plains Land 4047sqm

Coutts Penrith has been appointed exclusive selling agents to market this exceptional opportunity being a multi-unit industrial holding on one title. Situated on a main road with a direct link to M4 motorway just 1.5kms from the M4 on/off ramps. This is truly a rare offering and will be sold via an Expressions of Interest campaign (EOI) closing 20 July 2023 at 4:30pm (AEST).

Agents: Peter Pazios 0411 289 964, James Bendell 0411 240 880

FOR SALE: 20 Links Road, St Marys Expressions Of Interest

Land 4069sqm. Coutts Penrith have been appointed to sell this amazing freestanding industrial facility at 20 Links Road, St Marys. Links Road provides easy access to major road routes such as Forrester Road & Glossop Street which in turn lead to the Great Western Highway and/or M4 motorway. 20 Links Road is just 2.5kms north of the St Marys Rail Station, which will connect directly to the Western Sydney Airport at Badgerys Creek. Expressions of Interest campaign (EOI) closing 27 June 2023 4:30pm (AEST).

Agent: Peter Pazios 0411 289 964

Coutts Penrith, formerly known as Pullman Williams, has been servicing outer western Sydney’s commercial real estate needs since 1974 and since joining the Coutts group in 2018, the office, led by director and COO, Peter Albee, has continued to develop and strengthen their approach to the industry.

At Coutts Penrith, they understand the unique dynamics of

the local market and pride themselves on in-depth knowledge of the area. Currently, the property management team is preparing to adopt a new commercial property platform which will be a significant advancement to the way they provide services to valued clients, a testament to their commitment to innovation and continuous improvement. They anticipate a smooth migration process, supported by

their property managers who work hard to continue to be the central point of contact for owners, tenants, and other stakeholders, whilst leveraging their knowledge and professionalism to minimise any potential disruption during this transition period.

The experienced sales and leasing department are anticipating and are excited for exceptional growth in our region. The people of western

Sydney are witnessing the ongoing development of the Western Sydney Airport and the tremendous opportunities it will present for the region. With an estimated population growth of around two million residents by 2031, the establishment of an Aerotropolis precinct in this region will lead to substantial improvements in transportation and the proposed implementation of essential infrastructure projects.

Coutts Penrith is located at Level 1, 565 High Street, Penrith, however, the Coutts group has a network of offices strategically located across Norwest, Chatswood, Wetherill Park and Blacktown. Contact the team today on 4731 4731 or visit www. coutts.com.au.

CHANGE IS COMING!

Today marks the final edition of Western Property magazine in its current format.

Since launching in 2014, Western Property has produced 451 issues – riding the wave of real estate in the Penrith area and western Sydney more broadly.

From next week, Western Property will feature as part of a brand new section in The Western Weekender, called Home & Lifestyle (pictured top right).

“We’re excited to take the Western Property brand into its next chapter as part of a section that will also incorporate lifestyle content, puzzles and more,” said Western Weekender Managing Editor, Troy Dodds.

“This new section is your more casual read – featuring largely print exclusive content, that you go back to throughout a

weekend. You might find your new home, an agent to sell your current one, get some tech or beauty advice, or sit back and test your brain with our puzzles.”

Home & Lifestyle will be split into three distinct sections: Western Property, The Experts and Relax & Unwind.

The Western Property brand remains not only in the Weekender, but on Facebook where our page will continue to post local real estate-related content.

We’d like to thank all of our readers and advertisers over the last nine years, and look forward to seeing you over at Home & Lifestyle from Friday, July 7.

ORAN PARK

FINALAPARTMENTS NOW SELLING ACT NOW!

This is your last opportunity to secure a luxury apartment in the prestigious Metro precinct, centrally positioned in the heart of the Oran Park community.

Generously sized, these 3-bedroom apartments feature ample floor space, sophisticated style and the finest finishes.

Built in partnership with the award-winning Allen Jack + Cottier Architects and currently under construction with Richard Crookes Construction, the residences are completed to a high standard with:

• Miele oven, gas cooktop, rangehood, built-in microwave oven and dishwasher plus striking Parisi tapware, tinted mirror splashback and Caesarstone benchtop centrepiece

• Ceramic tile floor throughout with carpet to bedrooms

Apartment G.03

Interior 111sqm

Exterior 33sqm

Total 144sqm

9043 7500

Apartment 3.10

Interior 108sqm

Exterior 23sqm

Total 131sqm

Price $819,500

THE PERFECT PLACE TO LIVE, WORK AND PLAY!

What is so great about this property?

Metro Central is an architecturally designed, curated collection of luxurious oversized apartments. Scheduled to finish construction in 2023, Metro Central is perfectly located in the heart of Oran Park. Metro Central is just moments away from parks, picnic areas and dining spots. Enjoy convenient and maintenance free living at Metro Central in your brand new luxurious apartment.

Metro Central Apartments is positioned in the Oran Park town centre.

Between the two buildings, Metro North and Metro Central, there is a total of 119 apartments comprising of 1, 2 and 3-bedroom configurations plus luxury 3-bedroom penthouse suites. The first apartment buildings constructed in Oran Park, they contain two levels of undercover parking, rooftop gardens, EV chargers and bike storage facilities.

Two major commercial buildings – TRN House and 3 Fordham Way – are located within the Metro precinct, where many residents conveniently work. Residents who work slightly further afield are also able to walk to work due to the central location of the precinct. Visit oranpark.com.au/metro.

Who does this property suit?

This is a perfect downsizers apartment. With all the bene-

fits of town centre living but none of the maintenance issues associated with “the family home“ this 3rd floor apartment also has district views.

Tell us about the suburb the property is in?

Oran Park is the fastest growing masterplanned community in NSW. With a rapidly growing town centre, Oran Park is the perfect place to live, work and play.

Napier Street, Rooty Hill

OPEN HOMES & RENTAL PROPERTY GUIDE

Very Happy Sellers SOLD

“ Gizzelle was very impressive and we are very happy we had her by our side in our journey to selling our property. She has been very honest, transparent and very supportive of all our needs in every step of the way. Her skilful abilities in marketing and finding the right buyer was exactly what we needed. We will not hesitate to have her again and will recommend her to others needing Agent help. Thank you so much Gizzelle. ” – Verified by RateMyAgent

ON A FIXED RATE? THE EDGE IS GETTING CLOSER

As we have reported previously in Broking Breakdown, hundreds of thousands of Australian mortgage holders are facing the daunting prospect of home loan repayments skyrocketing when their low-level fixed rate

Earlier this year the Reserve Bank of Australia, which has increased official interest rates by four percentage points since May last year, revealed up to 800,000 fixed rate home loan contracts, including thousands of borrowers who locked in rates of around two per cent for the past two to three

years, will expire by the end of 2023. While they have avoided the pain many on variable rates have endured the past 13 months, these borrowers may struggle to afford to repay their loans when confronted by interest rates of six per cent or more.

And many will also be unable to refinance their home loans to a lower rate because they will not meet lenders’ serviceability tests, which assess whether borrowers can repay a loan with an interest rate that is at least three percentage points above a loan product, effectively making them ‘mortgage prisoners’.

But there is pressure on banks to lower this serviceability criteria. Some lenders have been announcing exceptions to their credit policies for eligible borrowers who have a credit score over 650 and no arrears or hardship in the last 12 months.

Bell Partners has been assisting some customers who have been locked out of lower rates and finding them a lender offering a lower buffer to enable them to refinance their loans.

In another positive for the potential mortgage prisoners, the Australian Prudential Regulation Authority (APRA) has written to banks to remind them of their obligations and warn those with higher volumes of lending exceptions will be faced with “heightened supervisory attention”.

APRA chair John Lonsdale, said: “It is important that exceptions are used in a prudent and limited manner. In using exceptions, APRA expects banks to make a prudent assessment of repayment capacity so that there is a good outcome for borrowers and the financial system.”

Please reach out to the team at Bell Partners if you need help.

Do you read Western Property?

REAL ESTATE FLASHBACK

With today marking the final edition of Western Property magazine, we look back at some of the looks the magazine has had over its decade in print!

Units 4 & 5, 69 York Road, Jamisontown

For Sale: Expressions of Interest – Closing Thursday 20th July

The property is a substantial industrial warehouse facility comprising extensive fit out and inventory.

Known as the “Abcoe Centre” the development is located on the prominent intersection of Batt Street and York Road, within the South Penrith Industrial Estate.

FEATURES AND COMMENTS

• Prime location within the established South Penrith Industrial Estate

• Substantial warehouse facility, comprising extensive fit-out and inventory

• Strata Area 1,542 square metres plus mezzanine storage

• Two (2) separate strata lots with unit entitlement of 21.90%

• Generous on site customer parking for approximately 161 cars

• Neighbours include Lattetude Cafe, Anytime Fitness, NSW Blood Bank, NSW Rural Fire Services head offices, Unreal Adventure Golf, Insignia Hair & Beauty, Penrith Pies & Pastries.

• Prominent and well established tenant

• Zoned E3 (Productivity Support) – easily adapted to any alternate use

The Lessee has been in occupation since construction of the Centre in 2006. The Lease has a five (5) year term expiring 30 June 2027 with no option.

Inspection by appointment only

268 Macquarie Road, Springwood 159 Queen Street, St Marys

For Sale: Forthcoming Auction For Sale: Expressions of Interests

and pedestrian traffic. Less than a 1km from the Great Western Highway.

FEATURES AND COMMENTS

• Freehold commercial building on Macquarie Road Springwood

• Highly exposed location in central CBD

• Excellent signage opportunities

• Frontage 12.192 metres

• Net lettable area - 246.8sqm

• Site area - 366.8m2

• Four on-site car parking spaces

• Potential to be split into multiple tenancies

• Access via both Macquarie Road or Raymond Lane

• Direct access to Railway Station for staff and customers Inspection by appointment only

FEATURES AND COMMENTS

• Total Stratum Area - 1,401 sqm*

• 20* allocated parking spaces

• Current net passing income of $327,070.30 per annum*

• Multi-tenanted investment anchored by ASX listed tenant - NAB, along with three other tenancies

• Modern mixed use building with residential apartments above completed in August 2020, offering excellent depreciation benefits

• Dual street frontage across Queen Street and West Lane

• Located in the heart of St Marys town centre, only 500m away from St Marys Train Station and the future Metro

Inspection by appointment only

Modern contemporary 2 storey commercial building in a sought after, rapidly developing retail strip. Directly opposite Springwood Railway Station. High vehicular

Presenting a full leased multi-tenanted investment anchored by ASX listed tenant - NAB providing stable income streams with high quality fit-outs.

38 Somerset Street, Kingswood

For Lease – Contact Agent

Completed in 2020, Somerset Specialist Centre is a modern medical facility providing fullyintegrated Class 9A medical accommodation for a variety of healthcare service providers.

Features include:

• Available suites range from 100sqm to 400sqm.

• Fully customisable fitout with excellent incentives offered

• A flexible, open plan floor plate configuration with ample natural light and district views

• Basement parking with capacity for 172 vehicles

• Anchored by the Cura-operated Somerset Private Hospital with four theatres and 16 private rooms

• Located only moments from Nepean Base Hospital with an array of public transport options servicing the precinct.

Inspection by appointment only

Suite 2.07, Level 2

For Lease – Contact Agent

The subject tenancy, located on Level 2 has a new fit-out completed. The property has yet to be occupied. Available for both sessional (morning and afternoon options) and long term lease.

Features include, however are not limited to:

• Fully fitted out tenancy

• Reception desks to accommodate 2 specialists

• 3 fully-equipped consulting rooms with basins

• Additional treatment room with non-porous flooring, also with basin

• Self-contained amenities and kitchenette

• Two (2) car spaces

Inspection by appointment only

Shop 1, 252 Macquarie Rd, Springwood

For Lease

Contact Agent

Fully refurbished commercial tenancy in the heart of Spwd. An incentive offered by Landlord.

Features include:

• Prime location opposite Transport/ Rail Interchange

• Open plan tenancy

• Full Ceiling, Lighting, Electrical, A/C and Flooring upgrades.

• Internal staff lunchroom/ toilets

• Rear lane access via Spwd Lane

• On-site allocated car parking for 2 cars. and external toilet

• Long term lease available

Suite 9, 13 Barber Avenue, Kingswood

For Lease/For Sale

Contact Agent

This brand new architect designed medical premises in the Nepean HealthHub.

Features include:

• 120sqm floorplan

• Five consulting rooms all with sinks

• Reception and administration space

• Quality fit-out throughout the suite

• Two car spaces included

For Lease

Contact Agent

Warehouse unit located in great complex in Jamisontown.

Features include:

• Strata Area 253 sqm

• Glass frontage with pa door to office/admin

• Dual roller door access - Side roller door excellent for loading

• Exclusive yard area for loading

• High internal clearance and mezzanine office

For Lease

Contact Agent

Medical specialists room located directly opposite Nepean Hospital.

Features include:

• 79 sqm medical practice with two consulting rooms, one being used as an operating theatre

• Tenant responsible for 100% of outgoings

• Available for lease

commencement 1 October 2023

• 3 allocated parking spaces

• Zoned B5 Business Development

• Two security car parking spaces in basement

• 75 Client parking spaces on ground and first levels