45 Kingsgrove Road

Belmore NSW 2192

733.5 m²

Block of units

Currently for sale - view listing

Overview

A RARE UNIT BLOCK OFFERING - 6 UNITS ON 733.5SQM WITH HUGE INCOME

Open Home Inspection: Saturday 23/05/26 between 9.30 - 10.30 AM. An exceptional opportunity to secure an entire block of six one-bedroom units on one title, positioned within the ever-growing suburb of Belmore. Set on a substantial 733.5sqm parcel with a wide 16.76m frontage, this purpose-built complex is zoned R3 Medium Density Residential, offering outstanding future potential (STCA). Comprising six well-positioned one-bedroom apartments within a single-storey complex, this is an increasingly rare offering in today's market, with very few single-level unit blocks remaining throughout the area. HIGH POINTS - Entire block of 6 one-bedroom units - Rare single-storey complex - option to build second level (STCA) - All units are currently leased, with an annual income of approx. $134,000 - Zoned R3 Medium Density Residential - Land size: approx. 733.5sqm - Frontage: approx. 16.76m - Off-street parking at rear for two cars Excellent investment, redevelopment or land banking opportunity (STCA). Whether you are an investor, developer or long-term land banker, this is a unique chance to acquire a tightly held asset with strong current appeal and exciting future possibilities. Conveniently located close to transport, schools, shops and local amenities. Only a short walk to Clemton Park Shopping Village, located 600 metres from the property and just minutes from Belmore, Campsie & Canterbury Shops/Train Stations. For further queries, please do not hesitate to contact George Horozakis on 0420 842 807 or Peter Horozakis on 0402 870 202 today. NB: Every precaution has been taken to establish accuracy of the information but does not constitute any representation by the vendor or real estate agent. All interested parties should make their own inquiries as to its accuracy.