A rare and remarkable offering in one of Randwick's most popular pockets, this entire block of five apartments presents an exceptional opportunity for investors, SMSFs, developers and long-term holders alike. Comprising 4 x two bedroom and 1 x six bedroom apartments plus 3 lock up garages, the property delivers strong existing income with outstanding value-add potential.
• Entire block of 5 apartments
• 4 x 2br + 1 x 6br, 3 lock up garages
• Set over 670sqm of land with huge LMR upside (see Page 5 of Information Memorandum)
• High-demand position moments to Randwick village, transport and amenities
• Ideal for long-term hold, future redevelopment or strategic sell-down (STCA)
• Strong rental demographic near Light Rail, UNSW and Prince of Wales Hospital
• Perfectly positioned directly opposite Royal Randwick Racecourse
• Current rental income of $209,508 per annum (well under market)
Ray White Double Bay - Exceptional Living Begins Here
Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY
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