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.
|R&H Suburb Summary||Houses|
|Number of sales||41|
|Median Rental Price||$900 p.w.|
|Change in Rental Rate (5yr)||-5 %|
|R&H Suburb Summary||Units|
|Number of sales||240|
|Median Rental Price||$524 p.w.|
|Change in Rental Rate (5yr)||-6 %|