1-6/55 Yangoora Road, BELMORE, New South Wales, 2192

  • 12
  • 6
  • 6

Sold

Sold

Outstanding Investment Opportunity - Entire Block of 6 Units in Quiet Locale

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).


Features

- 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

Approximate Outgoings

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.

Property Info:

  • Property ID: 20580924
  • Property Type: BlockOfUnits
  • Garages: 6

We Know Your Area

R&H Suburb Profile: Belmore

R&H Suburb Summary Houses
Number of sales 54
Average Price $1,051,189
Median Price $945,000
Median Rental Price $600 p.w.
Change in Rental Rate (5yr) 9 %
R&H Suburb Summary Units
Number of sales 69
Average Price $520,167
Median Price $530,000
Median Rental Price $400 p.w.
Change in Rental Rate (5yr) 11 %
Belmore, NSW - Median Trend