This property presents a rare opportunity to secure a block of eight units which are to be sold in one line. Set on 556 sqm of land, the boutique complex comprises four one-bedroom units, four two-bedroom units, and five parking spaces. The property is currently providing returns of approximately $158,000 p/a approx. with good potential for future growth. Ideally located, the complex is positioned in a sought-after pocket of Dulwich Hill. It is conveniently located an easy level walk from village shops, eateries, and cafes and just 800m from Dulwich Hill Station which offers CBD train and light rail services.
Total annual rent income is approximately $158,000
Positioned on 556 sqm of lane, R1 residential zoning
Building comprises 4 x one bed and 4 x two bed apartments
High demand location attracting strong interest from potential tenants
800m from Dulwich Hill train and light rail stations
Easy level walk to village shops, eateries, and cafes
Local schools, leafy parklands, and recreation facilities close by
Suburb Profile: Dulwich Hill, 2203
Dulwich Hill is a residential suburb in the Inner West of Sydney; 9 kilometres south-west of the Sydney CBD. The area and surrounds have gained a reputation as an ideal place to live thanks to excellent lifestyle amenities, cultural diversity and affordable real estate. Adding to the area’s popularity has been the recent increase in new cafes, wine bars and specialty stores that has given the area a hip, eclectic feel. Dulwich Hill is serviced by several major bus routes and Dulwich Hill Station has regular train and light rail services.
Agent: Youseff Chmait 0418 291 818
Luke Smith 0416 281 577
Raine&Horne Marrickville 02 9560 7599
Auction: Tuesday 9th July 2019 at 10.30am
Auction Works – 50 Margaret Street, Sydney
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|R&H Suburb Summary||Houses|
|Number of sales||74|
|Median Rental Price||$690 p.w.|
|Change in Rental Rate (5yr)||-1 %|
|R&H Suburb Summary||Units|
|Number of sales||115|
|Median Rental Price||$465 p.w.|
|Change in Rental Rate (5yr)||6 %|