1 Wangee Road, LAKEMBA

Investors, renovators, and developers will all be very attracted to this solid full brick complex of eight apartments, representing an extremely rare opportunity to acquire a potential-packed income generating asset in the heart of Lakemba. All units are currently tenanted to earn immediate rental returns and come with excellent scope to upgrade or modernise. The property offers a superb real estate prospect with massive upside, lots of growth and enormous potential to increase value when renovated or redesigned. 6 x two-bedroom, 2 x one-bedroom, one-bathroom apartments to be sold in one line R3 Medium Density Zoning, full income of $204,000 gross per annum (approx.) Fully functional kitchens plus bathrooms with shared laundries Private balconies, elevated views to city, 4 garages and 4 car spaces Outstanding growth and rental scope with solid annual returns Potential to further update apartments and increase rental yield 450m walk to Lakemba Heavy Rail/ Future Metro Station, multiple bus stops Easy access to major arterial roads such as M5 or M4 to CBD and airport Stone's throw away from ALDI, eateries, schools and shops Scope to explore development possibilities to fully capitalise (STCA)