13 Grafton Crescent, Dee Why, NSW 2099
- 10
- 10
- 9
Sold
Auctioned
Block of 10 studio apartments with off-street parking
The ultimate investment opportunity awaits with this solid two-storey block of 10 x studio apartments in a quiet residential enclave adjoining parks and only a short, level walk from the heart of the Dee Why town centre, Dee Why Beach, Long Reef Golf Course, City transport and the picturesque Long Reef headland walk, and only a short distance from Warringah Mall.
This 1970's brick constructed building has been well maintained, and provides affordable accommodation in this highly desirable setting, with the added benefit of off-street car parking for most units. Nine of the ten apartments have been refurbushed in recent years and the property currently generates an income on a fully leased basis of approximately $215,540 per annum.
The building includes common laundry facilities, and sits on a 708.2sqm block of land, zoned R3 medium density with a 12m height limit which may allow for further development (stca) at some future time.
Below replacement value and a sensational buying opportunity & secure investment.
Auction: Tuesday 17th October 2023 at 10.30am at 'Auctionworks'
- 50 Margaret Street Sydney.
Inspect: Tuesdays & Thursdays 10.30
- 11.00am or by prior appointment (A selection of units available for viewing)
Details: David Buttel 0419 263 362
Contact David to request an Information Memorandum and Auction Contract.
Got a property to sell? Contact us for a free Request Appraisal
- Property ID: L24353241
- Property Type:Block of Units
- Open Parking:9
We Know Your Area
R&H Suburb Summary | Houses |
---|---|
Number of sales | 61 |
Average Price | $3,029,582 |
Median Price | $2,525,000 |
Median Rental Price | $1070 p.w. |
Change in Rental Rate (5yr) | 35 % |
R&H Suburb Summary | Units |
---|---|
Number of sales | 494 |
Average Price | $972,594 |
Median Price | $880,500 |
Median Rental Price | $675 p.w. |
Change in Rental Rate (5yr) | 23 % |