Prominently positioned on a 683 sqm (approx) corner site with dual street frontages to, 1-12/1-3 London Street presents a rare opportunity to secure a landmark four-storey apartment building in the heart of Enmore. Offered for the first time in over 50 years, the property comprises 12 apartments across two titles, including 6 x 1-bedroom and 6 x 2-bedroom apartments, each with generous internal proportions, balconies and internal laundries, complemented by parking for 11 cars. Currently generating $404,300 GAR, the property provides a strong and consistent income stream, with apartments rarely vacant. Further opportunities for value uplift include potential strata subdivision (STCA), apartment enhancements and future development possibilities (STCA).
• 683 sqm (approx) corner site with dual street frontages
• Four-storey building across two titles
• First time offered in over 50 years
• 12 apartments: 6 x 1-bed + 6 x 2-bed
• Each apartment benefits from a balcony & internal laundries
• Some with city skyline views
• Parking for 11 cars: 7 lock-up garages, 2 undercover car spaces and 2 car spaces
• Currently returning $404,300 GAR
• Strong occupancy and consistent rental income
• Future development potential (STCA)
• Potential strata/repositioning opportunity (STCA)
• 10-minute walk to Newtown Station
• Close to USYD, RPA Hospital, Enmore Road & Newtown
Ray White Double Bay - Exceptional Living Begins Here
Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY
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