302/674 Old Princes Highway, Sutherland, NSW, 2232

SoldDec 2, 2016

302/674 Old Princes Highway, Sutherland, NSW, 2232

$565,000

125 m²

Apartment

•

30+ days on the market

Sold: Dec 2, 2016

What's around 302/674 Old Princes Highway

Invest For Your Future

This generously proportioned apartment is conveniently located to amenities, with just a short 600m stroll to Sutherland Station via Peace Park, this property is ideally positioned for those commuting to the city for work. The property is currently tenanted at $420 per week to a stable tenant on an expired lease with the tenant having indicated his desire to stay on. Features of the property include: * Spacious open plan living and dining area * Two generously sized bedrooms with built-in wardrobes * Large kitchen with ample cupboard and bench space * Fully tiled bathroom with separate bath and shower + additional toilet in laundry * Wrap around covered balcony with a westerly aspect * Security intercom, single lock-up garage, lift access and internal laundry * Original condition throughout As it stands this is a solid investment returning approx gross 3.8% at a $575,000 purchase price. However, if you were to renovate the interiors an apartment of this size could fetch between $450-$500 per week* and you could further obtain tax benefit via the depreciation of the renovations. Total Lot Size: 125m2 (including 16m2 garage) Approximate Quarterly Outgoings: Strata: $787.70 Water: $177.91 Council:$ $259.70 * This is an estimate only and is based off other property we currently lease in the complex. ** The photography used in the advertising of the property is prior to the tenant moving in and was used to protect the tenants privacy. It may not accurately portray to current condition.

Looking for more information on 302/674 Old Princes Highway?

Explore comparables, sales history and growth for this property.

Learn more

Buyer's review

over 9 years ago

Verified Review

Old Princes highway

Very easy to work with, good operation. Thanks.

Buyer

Seller's review

almost 10 years ago

Verified Review

Mathew Walker

My wife and i sold our investment property through the Century 21 team team at Sutherland and found Sebastian and his colleagues to be extremely knowledgeable, fair and supportive through the whole process. Selling our property would have been so much harder had we not have had their support. I can recommend them for anyone looking to buy or sell their next property.

Seller