2 Reserve Street NEUTRAL BAY NSW

Dont miss this rare opportunity to secure a block of three elegant apartments in one of Neutral Bays premier positions. An outstanding investment, the three apartments are each superbly maintained and combine graceful period features with quality contemporary renovations. Set on a 564 square metre parcel of land, they occupy a supremely quiet cul-de-sac location, close to public transport, parkland and Neutral Bays fashionable dining precinct.? – Each apartment includes two double bedrooms, updated full bathroom – Casual dining area, modern gas kitchen, elegant formal lounge – Apartment 2 also offers a large sunroom, Harbour Bridge and city views – Graceful period features including ornate ceilings and leadlight windows – Double carport, internal laundries, attractive north-facing garden – Fully tenanted, quiet, blue chip location, first time offered in over 50 years Approximate quarterly outgoings: ? ? Council rates: *$479* ? ? Water rates: *$184* ? ? TOTAL: *$663* per quarter Tenancy Schedule – Unit 1: *$605 pw* rent on expired lease – Unit 2: *$518 pw* rent *(below market rent)* on expired lease – Unit 3: *$490 pw* rent *(below market rent)* on expired lease Total annual rent: *$84,106* Estimated current market total rent: *$96,725 pa* / *$1,855 p/w* Approximate land area: 564 sqm Auction: AuctionWorks, Mezzanine Lvl, 50 Margaret St, Sydney, 10:30am Tue, 18 June 2013 Details: [LINK: dbpage.php?pg=view&dbase=members&id=16] Gayle Clifford 0419 998 413 or gayle.clifford@croll.com.au Solicitor: Charles McCooe, McCooe & McCooe Solicitors : 9977 6788, PO Box 19 Manly NSW 1655, charles@mccooe.net.au