An exceptional and rare opportunity to acquire an entire boutique block of eight apartments in one of Allawah's most sought-after locations. Whether you're a seasoned investor or looking for a secure, high-yielding asset, this fully leased, double-brick block presents an unparalleled chance to secure a turnkey investment with immediate rental income and significant future growth potential.
Key Investment Highlights:
- Current Rental Income: $194,539.80 per annum – Immediate, stable cash flow
- Generous Land size: 850sqm (approx.) with a wide 21m (approx.) frontage
- Solid, well-maintained double-brick construction
- Built to last with minimal upkeep
- All units fully tenanted – receive income from day one!
- Mixture of spacious 1 & 2-bedroom apartments (Five - 1 bedroom apartments & Three - 2 bedroom apartments catering to strong rental demand with 5 lock up garages and 2 car spaces
- Potential to Strata Title & Sell Units Individually (STCA) for capital uplift
- Opportunity to renovate & increase rental yields with simple cosmetic updates
- R2 zoning with future rezoning potential in the high-growth rail corridor
- Multiple off-street parking spaces, adding extra convenience for tenants
- Low vacancy rates in the area, ensuring ongoing rental demand
Prime Location – Convenience & High Rental Demand:
- Minutes to Allawah & Hurstville train stations – seamless connectivity to Sydney CBD
- Close to Hurstville Shopping Centre, top schools, parklands & leisure facilities
- High-demand rental area with strong tenant interest ensuring consistent occupancy
- Surrounded by major employment hubs, ensuring long-term rental stability
- Easy access to major transport links, making it attractive for city professionals
- Vibrant lifestyle precinct nearby, with restaurants, cafés, and entertainment options
Endless Potential – Multiple Value-Add Opportunities:
- Hold & enjoy strong rental returns with a hands-off, low-maintenance investment
- Upgrade & modernize interiors to immediately increase rental yields & asset value
- Strata title conversion (STCA) – sell off individually & maximize capital growth
- Explore future redevelopment potential in this growing, high-demand corridor
- Potential to increase rental income through minor refurbishments and modern upgrades
- Opportunity to reposition the asset in the market as premium boutique rentals
An outstanding, high-growth investment with strong cash flow and significant upside potential. Properties of this caliber in such a prime location rarely hit the market, this is your chance to secure a premium Sydney asset with exceptional short and long-term rewards.
