1-12/1-3 London Street

Enmore NSW 2042

Block of units

Currently for sale - view listing

Overview

Undoubtedly one of the best blocks in the Inner West to hit the market!

Prominently positioned on a 683 sqm (approx) corner site with dual street frontages to, 1-12/1-3 London Street presents a rare opportunity to secure a landmark four-storey apartment building in the heart of Enmore. Offered for the first time in over 50 years, the property comprises 12 apartments across two titles, including 6 x 1-bedroom and 6 x 2-bedroom apartments, each with generous internal proportions, balconies and internal laundries, complemented by parking for 11 cars. Currently generating $404,300 GAR, the property provides a strong and consistent income stream, with apartments rarely vacant. Further opportunities for value uplift include potential strata subdivision (STCA), apartment enhancements and future development possibilities (STCA). • 683 sqm (approx) corner site with dual street frontages • Four-storey building across two titles • First time offered in over 50 years • 12 apartments: 6 x 1-bed + 6 x 2-bed • Each apartment benefits from a balcony & internal laundries • Some with city skyline views • Parking for 11 cars: 7 lock-up garages, 2 undercover car spaces and 2 car spaces • Currently returning $404,300 GAR • Strong occupancy and consistent rental income • Future development potential (STCA) • Potential strata/repositioning opportunity (STCA) • 10-minute walk to Newtown Station • Close to USYD, RPA Hospital, Enmore Road & Newtown Ray White Double Bay - Exceptional Living Begins Here Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY