A low-rise community performer in the prized north-east with multiple income streams is an investment worth chasing easy minutes to The Parade and just 10km from the CBD.
Set along the foothills' gateway, this tidy off-street complex reaches out for St Bernard's Road and Newton Village retail, prized Stradbroke School and Rostrevor College, with parks and recreation trails practically at its doorstep - always a win for tenant appeal.
Additional tenant touches include a communal grassed area, a gated concrete driveway arrival, and a one-car carport allowance per unit. And privately managed with no strata fees.
For the investor, there are countless ways to take this 935m2 allotment into the future.
"Soft" cosmetic upgrades to flooring, kitchens, and bathrooms would immediately lift rental returns to this solid, conventional group - each unit comprising of light-filled living with split-system comfort, a practical rear kitchen/dining zone, two adjoining bedrooms, and a private gated rear courtyard.
Changing tack entirely, the substantial site could also lean into an ambitious new development, subject to the usual council consents.
Perhaps a potential townhouse redevelopment or a complete overhaul - the block's dimensions and its location supporting medium to higher density living make it an enticing thought to consider.
Whether you're multiplying income, manufacturing value, or airing all-new investment plans, there are very few opportunities that let you weigh up the whole equation.
The Facts:
• Four seperate community-titled units - to be sold as one
• 19.81m frontage x 42.24m depth | 935sqm approx.
• Solid brick construction - (65sqm per unit approx.)
• Privately managed group
• Gated driveway, one carport per unit
• Private rear courtyards + shared grassed area
• Split system R/C & ceiling fans to each unit
• Clean, basic interiors
• Poised for income returns right now
• A valuable income stream or prospect for redevelopment - STCC
Auction Pricing - In a campaign of this nature, our clients have opted to not state a price guide to the public. To assist you, please reach out to receive the latest sales data or attend our next inspection where this will be readily available. During this campaign, we are unable to supply a guide or influence the market in terms of price.
Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
RLA 322799
Property Details:
Council | CAMPBELLTOWN
Zone | GN - General Neighbourhood
Land | 935sqm(Approx.)
House | 315sqm(Approx.)
Built |1970
Council Rates | $TBC pa
Water | $TBC pq
ESL | $TBC pa
