52/7 Anderson Street, Neutral Bay, NSW 2089

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Sun-filled 2 bedroom unit - Superb Investment or First Home

Located on the 5th floor of this security building with a sundrenched Northerly aspect and sweeping views over Ilbery Reserve and the Neutral Bay Tennis Club, this renovated apartment is a bargain buying opportunity only a short level stroll from the vibrant heart of Neutral Bay Junction with its array of cafes, restaurants, specialty shops and city transport options.

The apartment includes 2 double bedrooms both with built-in robes (and one with a Harbour view), renovated bathroom with internal laundry facilities, renovated gas kitchen and a light filled dining & living that flows out to the balcony. The unit includes a car space (exclusive use on title) and is currently let until July 2020 at $530 per week to excellent tenants.

The building includes lift access, and has undergone extensive common area upgrades including foyer, painting and windows with a recently appointed Strata Manager who has been given control to undertake further works where necessary.

Outgoings: Council $261.00 p.q Water $179.06 p.q. Strata $1655.77 p.q. (with a balance of the Capital Works Fund at $984,728 as at 6/2/19).

Leased to 26/7/20 at $530 per week – tenants would love to renew their lease if purchased for investment.

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Property Info:
  • Property ID: L1169787
  • Property Type: Apartment
  • Open Parking: 1
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R&H Suburb Profile: Neutral Bay

R&H Suburb Summary Houses
Number of sales 41
Average Price $2,546,659
Median Price $2,305,000
Median Rental Price $900 p.w.
Change in Rental Rate (5yr) -5 %
R&H Suburb Summary Units
Number of sales 240
Average Price $1,183,522
Median Price $1,050,000
Median Rental Price $524 p.w.
Change in Rental Rate (5yr) -6 %
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