A entire block of 15 studio apartments on a single title on an impressive land holding in south Paddington. On an elevated corner position fronting Bent Street, Leinster Street and Regent Lane, the land comprises of 3 lots, presenting a rare multi-dwelling investment/development opportunity in a tightly held neighbourhood. Sold off-market via BresicWhitney's network.
Highlights
* Sold off-market via BresicWhitney
* Three-level building built in 1970s
* Large land size: 3 lots totalling 540sqm
* Rare 3 street frontages with car access
* Zoned R1 FSR 1.25-1. Development upside
* Current passing income $280k per year
* Elevated corner position, north aspect
* City and district views from the top floor
* Redevelopment multi-house opportunity
* Improve income performance with upgrades
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