Discover an exceptional investment opportunity in the heart of Belmore with this impressive block comprising six double-brick 2-bedroom apartments, each boasting its own parking space, internal laundry, and private balcony. Occupying approximately 650sqm of land, this property represents a remarkable investment opportunity with significant potential for value enhancement. Conveniently located within walking distance to shops, Belmore Train Station and just a few minutes' drive to Canterbury Leagues Club and Roselands Centro or Bankstown Centro.
Features include:
- Six well-appointed 2-bedroom apartments, all tenanted with secure tenancies.
- Each unit features a balcony, internal laundry & parking space.
- Presents an excellent opportunity for long-term investment or to increase value with a current rental return of $153,920 per annum.
- Renovation potential for increased rental yield, offering the opportunity to enhance property value & returns.
Conveniently located within walking distance to shops, public transport & minutes' drive to Canterbury Leagues Club & Roselands or Bankstown Centro Shopping Centres.
Rental Details:
Unit 1/73 Knox Street, Belmore: $470.00 Per Week, Lease Expires 24/05/2024
Unit 2/73 Knox Street, Belmore: $520.00 Per Week, Lease Expires 24/05/2024
Unit 3/73 Knox Street, Belmore: $500.00 Per Week, Lease Expires 05/09/2024
Unit 4/73 Knox Street, Belmore: $470.00 Per Week, Lease Expires 03/05/2024
Unit 5/73 Knox Street, Belmore: $500.00 Per Week, Lease Expires 22/08/2024
Unit 6/73 Knox Street, Belmore: $500.00 Per Week, Lease Expires 17/03/2025
Rates are as follows:
Land Tax: Approximately $6,240.00 per annum
Water: Approximately $5,802.44 per annum
Council: Approximately $5,708.00 per annum
For private inspections, please contact Peter Gribilas on 0434 016 127.
