Property

Description

On the market for the first time in over 40 years is this this solid full brick block of 7, 2 bedroom flats presenting the ideal opportunity for the astute investor to acquire a blue chip offering in a prime location with scope to add value. Sitting on a generous 847m2 parcel of land, some standout ones include:

-7x2 bedroom flats (some with built-ins)
-Majority have updated kitchens (some eat-in)
-All apartments have Internal laundries
-A mixture of mostly updated and some original bathrooms
-Spacious loungerooms with adjoining balconies
-Solid full brick construction
-Carpeted floors
-3x undercover parking and 4 open car spaces
-Zoned R3 under Cumberland City Council
-Approx 900m to Auburn Train station and shopping precinct
-Potential 6.5% gross return based on projected rent
-To be sold in one line

This property is under-rented and has an existing GAR of $109,200 with potential rental upside to increase in line with current market and demand to $164,000(conservatively).

Golden opportunity to capitalise on this wonderful opportunity and reap the rewards to unlock this property’s potential in the sought after Auburn market.

Council: $1,758pq approx.
Water: $1,900pq approx.

Contact: Chris Wilding 0401 334 773 or [email protected]

DISCLAIMER: While Ralph First Real Estate have taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Ralph First Real Estate urge prospective purchasers to make their own inquiries to verify the information contained herein.

• Floor Plans