15 Orchard St, Balgowlah, NSW, 2093 - BlockOfUnits Sold on 25 10 2017

SoldOct 25, 2017

15 Orchard St, Balgowlah, NSW, 2093

$3,850,000

0 m²

BlockOfUnits

•

26 days on the market

Sold: Oct 25, 2017

What's around 15 Orchard St

Rare opportunity, purchase a whole building with huge potential

It's not every day that an incredible opportunity like this comes knocking. This entire apartment block, currently split into five separate dwellings, is being sold under the one sale. In the prized North Harbour pocket, the property offers huge potential and a multitude of options to consider. Currently configured as two x one bedroom apartments and three x two bedroom apartments, the units are light, bright and generously proportioned. However, the real scope is to convert them all to two bedroom apartments by simply blocking off a doorway accessing the kitchen in the current one bedroom configurations. All have their own internal laundries and most have balconies. The block is well-presented with landscaped gardens at the front, and plenty of designated off-street parking at the back plus two lock up garages. Inside the building, it's a treasure trove of possibilities and the new owner will have some exciting decisions to make. Some options include, but are not limited to: ~Leaving the block as is with five separate dwellings with excellent rental return. ~Modernising and capitalising the apartments and either renting out, or selling some or all of the apartments further down the track (subject to strata approval). ~For the more adventurous types, a reconfiguring of the apartments could be an exciting proposition with the chance to convert the building into two or three large luxe dwellings (STCA). ~Or for the savvy investor, it can be kept in a superannuation portfolio as is and bring in rental income. There are many ways to carve this exceptional opportunity. The location is truly the icing on the cake. Whether it's the buzz of Balgowlah village at one end of the road and beautiful harbour walks at the other, an easy commute to work or the sheer proximity to pristine beaches... Balgowlah has it all. This is a unique opportunity and truly outstanding in potential. The sky's the limit.

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Seller's review

over 8 years ago

Verified Review

Very Professional Agent

This is the second property that I have had the pleasure of such an excellent agent handling my real estate. Steve knows the market inside out and is attached to a very reputable agency. His skill is in understanding the wishes of the vendor and carries excellent communication and negotiation skills. He explores all options available in selling that delivers the best outcomes. Thanks Steve for another successful engagement. Joy Battaglia

Seller