Rare opportunity to acquire a two-level, full 8-unit double-brick block in Belmore, offering strong rental income and excellent value-add potential. Perfect for investors or developers looking to capitalise on Sydney's strong housing demand and expand their property portfolio.
The property has been fully renovated, featuring modern kitchens and bathrooms, tiled flooring, new gutters and downpipes, and upgraded hot-water systems throughout.
Property Highlights:
Site area: 942 sqm approx. (15.24m Ã- 62.18m)
Unit mix: 6 Ã- 2-bedroom, 1-bathroom units + 2 Ã- 3-bedroom units (1 Ã- 1-bathroom and 1 Ã- 2-bathroom)
Well-configured 8-unit block
Current gross income: $271,960 p.a. approx.
Zoned R3 - Medium Density Residential
Ample on-site parking
Excellent transport links
Conveniently located: 1 km to Belmore Train Station | 2.2 km to Campsie Centre | 5 km to Burwood Westfield
Opportunities:
Increase rental income to market rates
Refurbishment potential to boost returns
Future strata subdivision (STCA)
* Inspection by appointment
Disclaimer: The above information has been furnished from sources we deem to believe. We have not verified whether or not that information is accurate, and do not have any responsibility to any person for its accuracy and do no more than pass it on. All interest parties should make and reply upon their own inquiries in order to determine whether or not this information is, in fact, accurate
