Offered in one line, this Torrens title block of eight apartments presents an exceptional investment opportunity in a prime location. The low-rise full brick building includes 7 x 2 bedroom apartments and 1 x 1 bedroom apartment, all with one bath and parking. Currently returning $143,520 annually, there is also potential to redevelop the 836sqm site, which has MU1 Mixed Use zoning as well as a potential FSR of 3.5:1 and height limit of 30m (STCA). Its central setting is no more than 700 metres from Fairfield's shopping centres, schools and train station.
• 7 x 2 bedroom apartments, 1 x 1 bedroom apartment
• Currently returning $143,520pa with potential to increase
• Good sized bedrooms, mains have built-ins
• Courtyard/clothesline area + 2 storerooms
• Parking at front of block, 4 covered spaces
• Adjacent Fairfield Public and High Schools
• Footsteps from Fairfield Forum/City Central
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