This offering represents an exciting opportunity for developers or investors to acquire this full brick boutique block with six (6) units on a prime parcel of land in the heart of Belmore. Ideally positioned just 6 minutes' walk to the train station, local shops, schools and restaurants this is the perfect walk to everywhere locale.
The property consists of:
* 6 x 2-bedroom units
* 6 x Carspaces
* All units have 1-bathroom, internal laundry and balcony
* Site area 658m² Approx.
* FSR 0.5:1
* Height of Building: 8.5m
* Zoned R3: Medium Density Residential
* 500 metres walk to Belmore Train station and buses
* Currently returning $161,200 Per Annum with potential for greater income.
This fully leased property with a few units recently refurbished, offers convenient, low-maintenance living. Positioned just a 6-minute walk (500m) from Belmore train station and bus stops, it provides easy access to key amenities including Canterbury Leagues Club, Belmore Sports Ground, Peter Moore Field and Canterbury Hospital. Families will benefit from being close to renowned schools like All Saints Grammar, Belmore Boys High and Belmore South Public School.
With multiple bus routes connecting Belmore to Sydney's CBD and surrounding suburbs, as well as the train station undergoing upgrades to Sydney Metro standards, this property presents a prime investment opportunity. It boasts potential for rent renegotiation's or future redevelopment (STCA), ensuring strong value growth and long-term appeal.
Disclaimer: We have in preparing this document, used our best endeavours to ensure that all the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements contained in this document.
