97 St Georges Parade, Allawah, NSW, 2218 - BlockOfUnits Sold on 26 05 2025

SoldMay 26, 2025

97 St Georges Parade, Allawah, NSW, 2218

$4,250,000

BlockOfUnits

•

30+ days on the market

Sold: May 26, 2025

What's around 97 St Georges Parade

Rare Investment Opportunity - Entire Block of 8 Apartments In Allawah

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.

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Buyer's review

11 months ago

Verified Review

Kristina was very professional,knowledgeable...

Kristina was very professional,knowledgeable and thoughtful to deal with. Our overall experience went smoothly. I would highly recommend her as your agent.

Nicole9

Buyer

Seller reviews

11 months ago

Verified Review

Good team plsyer

Efficient, friendly and good team player with Katrina .

Seller

11 months ago

Verified Review

She’s the best

Katrina is very Friendly and has a terrific knowledge of her area. She was able to negotiate an above expectation price for our building in an off market environment. I would totally use her again if I had any properties in her area.

Seller