Don't miss this standout opportunity to secure a tightly held block of 4x2-bedroom art-deco apartments! The block sits on a 468sqm parcel of land and the apartments are of a sturdy 1960s build that has been meticulously maintained and renovated over time by the same owner. The apartments themselves, in pristine condition are mirrored to each other, while further enjoying a large common recreational area at the rear.
A superb investment or potential development opportunity (STCA) that enjoy attractive returns with scope for further growth, it encompasses a premier location, footsteps to the heart of Drummoyne, Drummoyne Oval, and is a walk to waterfront, parkland, schools, shops, cafes, restaurants, and public transport. Stone throw from Birkenhead Shopping Precinct, scenic Bay Run & Ferry Wharf.
Key Features:
• Two and a half storey sturdy double-brick construction.
• Secure building with intercom system.
• Comprises 4x2 bedroom art-deco apartments in excellent condition, one of which has been recently renovated throughout.
• Apartments offer spacious living areas, bedrooms with built-ins, bathrooms complete with bathtubs, A/C throughout, and eat-in kitchens with new appliances including dishwasher plus new blinds, light fittings, and floorings throughout.
• Top-floor apartments boast water views with the rest offering leafy vistas.
• Generous rear recreational area, clothes lines, and communal laundry area with individual storage amenities.
• Attractive location, short walk to parkland, public transport, waterways, and sought after amenities.
• Market Rent - $112K p.a. (approx) - Potential Rent - $135K p.a. (approx).
• Council Rates $763.46 per quarter approx.
• Water Rates $816.52 per quarter approx.
