2 Hollowforth Avenue NEUTRAL BAY NSW

Featuring four immaculately refurbished apartments and one of Sydneys most sought-after settings, this boutique block presents a rare opportunity which astute investors should not miss. Generously proportioned, the four apartments each offer two bedrooms with built-in wardrobes, including an oversized main with an adjoining sunroom/study. Each also incorporates a modern gas kitchen with a dishwasher, an updated bathroom with a bath, a concealed laundry with a washer/dryer and a stylish open-plan living and dining room. The block also offers two secure garages, additional off-street parking and an attractive communal garden. Commanding a true blue chip location, the elegant two-level property stands in a tranquil street, just moments from Kurraba Ferry Wharf and a selection of scenic harbourside reserves. Recently renovated throughout, the block is ideal for those seeking a quality low-maintenance investment property with the potential for strong ongoing returns. 2010 Land value: *$1,050,000* Approximate quarterly outgoings: ? ? Council rates: *$461* ? ? Water rates: *$751* ? ? TOTAL: *$1,212* per quarter Tenancy Schedule – Apartment 1: *$515 pw* rent *(below market rent)* on expired lease – Apartment 2: *$500 pw* rent *(below market rent)* on expired lease – Apartment 3: *$510 pw* rent *(below market rent)* on expired lease – Apartment 4: *$410 pw* rent *(below market rent)* on expired lease Total annual rent: *$100,896* Estimated current market total rent: *$109,761 pa* / *$2,105 p/w* Approximate land dimenions: 10.745m and 6.35m arc (frontage) – irregular/12.8m (rear) x 27.605 (southern boundary – left hand side facing property)/31.94m (northern boundary – right hand side facing property) Approximate strata area: 17P (430m2) Zoning: Residential B Zone. The land is NOT identified as containing a Heritage Item under Part 4 – Heritage Provisions of North Sydney Local Environmental Plan 2001. Please refer to 149 Certificate for full details of zoning etc. A copy of the contract containing the 149 Certificate can be downloaded from www.croll.com.au . Auction: City Auction Centre, level 1, 55 Harrington Street, The Rocks, 10:30am Tue, 23 February 2010 Details: [LINK: dbpage.php?pg=view&dbase=members&id=13] Andrew Croll 0409 530 133 or andrew@croll.com.au Solicitor: Mr Harry Papadopoulos, CMM Quay Legal Group : 9412 1322, Level 4, 815 Pacific Highway Chatswood NSW 2067, harry@cmmquaylegal.com.au A copy of the contract for this property can be downloaded from the [LINK: http://www.croll.com.au/dbpage.php?pg=view&dbase=listings&id=784646] Croll Real Estate website Park and ferry shots are location photos. Upstairs sunrooms are smaller and upstairs main bedrooms are larger than indicated on floor plan.