1-9/213 Peats Ferry Road

Hornsby NSW 2077

1085 m²

Block of units

Currently for sale - view listing

Overview

Solid investment - block of 9 units HORNSBY NSW

Were pleased to present 213 Peats Ferry Road, Hornsby to the market. This boutique and well maintained apartment block features 8x1 bedroom and 1x3 bedroom units with 4 convenient secure lock up garages plus 5 off street parking spaces on-site with strong development upside (STCA). 213 Peats Ferry Road, Hornsby benefits from the following key attributes: - Comprising a total of 9 residential apartments with 8x1 bedroom and 1x3 bedroom units. 4 secure lock up garages at the rear of the property plus 5 generous on-site parking spaces. - (Currently $242k) Gross projected annual rental income: $274,011 Filled with an abundance of natural light and plentiful ventilation throughout- Set to benefit from uplift in planning controls from the state led Low to Mid Rise program providing the opportunity for future redevelopment (STCA) Potential to revert rents, refurbish or strata-title and sell down- Affluent suburb with a median house price of $1,809,225 (Cotality, formerly Core Logic).- Convenient central location in Hornsby only walking distance to the transport hub of Hornsby Station (650m*) providing T1 and T9 Sydney Trains services to Sydney CBD and north to Gosford CBD. - Well connected via the Pacific Highway and M1 Motorway in addition to advantageous bus services- Surrounded by a wealth of amenity including renowned primary, secondary and tertiary education, sports fields and Westfield Hornsby. Sensational investment opportunity in a highly tenanted area, with a vacancy rate of 1.29% (Hornsby) and 2.35% (Sydney), underwriting the areas strong rental demand. For more information or access to the due diligence please contact the exclusive selling agents. *Approximate. Outline and labels indicative. **Subject to Council Approval.