1 St Pauls Road, North Balgowlah

We are pleased to offer this superb investment opportunity to the market, located in a quiet street yet close to shops and transport facilities.* 6 x 2 bedrooms units* 3 x under cover car spaces* Strata approved but not registered* Gross income $110,240 p.a. with scope to improve* All units with refurbished kitchen and bathrooms* Low maintenance* Area: 726sqm approx* Easy access to beaches, schools and Warringah MallAn excellent opportunity for investment or strata development iwth stable tenants (all on expired leases) and assured growth in this great location.Unit informationUnit 1, expired lease $350 p/w from 18/5/11 - no parkingUnit 2, expired lease $340 p/w from 07/5/11 - no parkingUnit 3, expired lease $340 p/w from 06/5/11 - no parkingUnit 4, expired lease $360 p/w from 16/5/11 - car spaceUnit 5, expired lease $365 p/w from 07/5/11 - car spaceUnit 6, expired lease $365 p/w from 09/5/11 - car spaceTaxable value of land 2010: $1,046,000Quarterly Outgoings:Council $ 808.90Water $1,110.55Electricity $170.05Inspect Tuesdays & Thursdays 1.00 - 2.00pm