An exceptional prospect in a convenient inner-western Sydney location, this well maintained block represents a rare opportunity in a coveted residential area. Consisting of 6 × 2 bedroom apartments, the block is set on a generous parcel of land size of (696 sqm approx) and offers a compelling opportunity to purchase a fully tenanted block of 6 in one line, providing solid rental yield and a variety of potential future prospects for development (STCA).
Conveniently set over 2 levels and enjoying a pleasant street facing garden, the block features dual entry, with 2 apartments situated at the front and 4 at the rear, amounting to a peaceful residential zone benefitting from a sunny north west facing aspect. Each unit features 2 double bedrooms, a generous living area flowing to balcony, neat bathroom, eat-in kitchen, internal laundry and parking. All apartments have been updated and are in good condition with 3 units having the bonus of a large lock up garage and 3 units featuring a car space.
Peacefully situated in a family friendly neighbourhood, this block of apartments is a fine investment possibility in a high demand centrally located precinct. Conveniently close to Belmore shopping village, trains and schools, each apartment has the additional bonus of private parking. This bright and sunny block stands as a solid investment for the astute new owner, offering enormous scope for further renovation or potential Strata subdivision (STCA).
- Each unit has mod kitchen, 1 bathrm, lndry, sunny aspect
- Block of 6 units (75 sqm approx) to be sold in one line
- 2 beds, 1 bathrm, living area, kitchen, lndry & balcony
- Land size 696 sqm approx, 3 x LUG plus 3 x car spaces
- Strong tenancies with G.A.R of approx $115,000 P/A
- Centrally located, close to trains, schools & amenities
- Potential for Strata subdivision or development (STCA)
- Zoned R4 High Density Residential, superb investment
Council Rates: $1,295 per qtr
Water Rates: $1,701 per qtr
Cleaning/Gardening: $715 per qtr
Insurance: $1,499 per qtr
Garage Size: 25 sqm (approx)
Unit Size: 75 sqm (approx)
Total Land Size: 696 sqm (approx)
Please note:These are typical floor plans and layouts of other units may vary slightly.
|R&H Suburb Summary||Houses|
|Number of sales||54|
|Median Rental Price||$600 p.w.|
|Change in Rental Rate (5yr)||9 %|
|R&H Suburb Summary||Units|
|Number of sales||69|
|Median Rental Price||$400 p.w.|
|Change in Rental Rate (5yr)||11 %|